• The BIST100 closed the first trading session of the week on a gain of 0.17% at 8010, and with a turnover of TRY 76.6bn, but could not help facing profit-takings towards the end of the session.
• The Banks pulled back the gains, falling on average 1.15%, whereas the REITs were yesterday’s best performing stocks, rising on average 3.04%, and whereas the Industrials closed 2/3’s percent higher, the Conglomerates faced a slight loss.
• EKGYO-BIMAS and GUBRF were yesterday’s best performing blue-chip stocks, whereas AKBNK-HEKTS and GARAN were the most sold. Despite the Energy stocks closing lower yesterday, ASTOR once again managed to diverge positively from its sector peers, closing 1.93% higher, already bringing its Ytd gains to 17.3%, beating the BIST100 by a clean 10%.
• Regarding EKGYO, please note that its historic high lies at TRY 9.75, and on the heels of the March Municipality votes, we may see the buying appetite on the stock continue on speculation of increased urbanization-constructions in Istanbul.
• As of print, the TRY is trading flat against the USD at 30.27, but slightly weaker against the Euro at 33, while the DXY has fallen slightly to 103.15. The 2yr Bond rates rose by 28bps to 42.64%, whereas the 10yr rates rose by 8bps to 27.41%.
• On the Commodity front, Brent pared its losses yesterday after Libya resumed its oil production, rising due to the ongoing rise in tension in the Middle East, thanks to the inclusion of Iran’s missile attacks, and coupled with the Russia-Ukraine war, as the Russian energy company Novatek reported a fire at one of its fuel export terminals forcing it to partially suspend operations, due to reports of a Ukrainian strike; Brent is currently trading a little more relaxed this morning at $79.73, and Ounce GOLD has risen to $2030.
• According to media reports, Türkiye will oversea Sweden’s NATO bid at Parliament tomorrow, but according to Reuters, maybe even today. Accordingly, this may create a short-term lift for ASELS shares today.
AGENDA:
• On the local front today, Real Consumer Confidence Index will be released, as well as in the Eurozone, and the US will release the Richmond Fed Industrial Index.
CORPORATE:
• DGNMO: Disclosed its 2024 guidance. Accordingly, the company expects revenues at TRY 11.2bn (+/-) 3%; EBITDA Margin at 14-15%, and CAPEX at 5-6% of total revenues and 100-115 new store openings.
• MAGEN: Disclosed that it has signed an agreement for the public listing of its subsidiary Enda Enerji Holding.
Trive Yatırım Menkul Değerler A.Ş.
https://www.trive.com.tr/
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Yasal Uyarı
Burada yer alan yatırım bilgi, yorum ve tavsiyeler yatırım danışmanlığı kapsamında değildir.Yatırım danışmanlığı hizmeti ; aracı kurumlar, portföy yönetim şirketleri, mevduat kabul etmeyen bankalar ile müşteri arasında imzalanacak yatırım danışmanlığı sözleşmesi çerçevesinde sunulmaktadır.Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanların kişisel görüşlerine dayanmaktadır.Bu görüşler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabılır.Bu nedenle, sadece burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir.
Mornıng Report (Trive Yatırım Menkul Değerler )
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