Mornıng Report (Trive Yatırım Menkul Değerler )

" The BIST100 closed the week with a continued buying appetite, ending the week 2.16% higher at 8346, and just as importantly, the buying appetite was accompanied with a hefty turnover of TRY 110bn, led by the gains in the Conglomerate and Aviation stocks, while the Banks lagged the gains in their peers with a mere 1% rise.
" EKGYO-PETKM and GUBRF were Friday's biggest advancer, while AKBNK was the only stock in the red, SASA was unchanged, and YKBNK notched just 0.28% higher. Towards the end of the day, we saw a hefty buy order on THYAO shares, so may be following that stock for any news/developments.
" For the week, the BIST100 and BIST30 returned on average 4.37% and 4.12% to its believers, as Türkiye's approval of Sweden's NATO membership also brought it nearer to a happy ending regarding the sale of the F-16 fighter jets, and Canada lifted its arms embargo on Türkiye as well.
" On a sector basis, the Banks diverged negatively from its peers, ahead of this week's 4Q24 financial results starting with GARAN today, as JPM put the main private banks on a "Negative Catalyst Watch," while the REITs and Service stocks beat the benchmark, followed by the Industrial stocks.
" EKGYO: +14.59%; BIMAS: +10.94% and ODAS: +10.07% recorded the highest weekly gains among the blue-chips, whereas ISCTR: -2.17%; AKBNK: -1.71% and YKBNK: -1%, were the most sold.
" The TRY weakened by 0.40% against the greenback, but strengthened slightly by 0.14% against the Euro, and while the 2yr Bond rates surged by 2%, the long-term rates' gains were a bit slower at 0.73%.
" On the commodity front, Brent surged by over 6% due to withdrawal of US crude inventories, and coupled by Chinese economic stimulus, as well as the ongoing tension in the Middle East, and fire at Russia's oil export terminal, whereas OUNCE GOLD slipped by half-a-percent due to Fed and ECB officials dampening investor hopes of early rate cuts.
" As of print, the TRY is trading a tad weaker against the USD at 30.34, conversely, a tad stronger against the Euro at 32.92 against the Euro, while the DXY is higher at 103.53. And the 2yr and 10yr Bond Yields will start the new week from the 43.21% and 27.53%, respectively.
" On the Commodity front, Brent is trading slightly higher at $83.31, and Ounce GOLD has risen to $2026, as of print.
" Goldman Sachs is predicting that the CBRT will reduce the policy rate by 20bps to 25% by the end of the year, from the current 45% level, and sees the 12mth USD/TRY parity at 37.
AGENDA:
" On the local front this week, The Economic Confidence, Foreign Tourist Arrival, CBRT Summary Minutes from last week's MPC meeting, and Net Change in Foreign STOCK/BOND Holdings will be released, whereas the FOMC rate decision will be the key macro release of the week, as well as the ADP, PMI, NFP, and Unemployment. Elsewhere, the BOE will also disclose its policy rate, and the Eurozone will release the GDP Growth Rate, Inflation and Unemployment.

CORPORATE:
" SASA: Disclosed the DMT production line, which was built in the 1980s and has completed its economic life, is not capable of providing the performance and efficiency provided by new developing technologies anymore and also causes higher costs compared to new technology production methods. DMT production is an almost completely abandoned practice all over the world due to excessive cost and high-risk production.
" HTTBT: Disclosed that it has extended the business relationship between Hitit and FlyArystan, an airline within the Air Astana group, the national airline of Kazakhstan. FlyArystan has been utilizing Hitit's passenger service system solutions since 2019. The extension is for another 3 (three) years.
" GESAN: Disclosed that it has reached an agreement TAV SERA ANKARA GENERAL PARTNERSHIP for the ANKARA ESENBOĞA AIRPORT EXPANSION AND IMPROVEMENT PROJECT TECHNICAL BLOCK AND TOWER AND HANGAR BUILDINGS MECHANICAL & ELECTRICAL WORKS. The total contract amount, excluding VAT, is 3,566,479 Euros + 94,752,717 Turkish Lira.

 
 Trive Yatırım Menkul Değerler A.Ş.
  https://www.trive.com.tr/

***
                        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.