Morning Report (Trive Yatırım Menkul Değerler )

HOPING FOR A BRIGHTER WEEK
" The BIST100 managed a slight gain of 0.18%, compared to its recent harsh sell-offs, ending the week at 10,891, but on a low turnover of TRY 84.3bn, as more and more investors appear to be preferring to stay on the liquid side until the dust settles, and they have more to re-enter the BIST.
" The Banks rose by 0.42% and the REITs by 0.47%, while the Energy stocks were Friday's biggest movers, however the Service sectors closed slightly in the red.
" ARCLK-thanks to the new business incentive, was the highest rising blue-chip, followed by EKGYO and KOZAA, while ENKAI-GUBRF and TCELL were the most sold.
" The BIST did not have the best performance last week, as the BIST100 and the BIST30 retreated by 2.37% and 2.80%, respectively, pulled back by the sharp sales in the Banks due to international brokerage reports, falling by 6.70%, and the Transportation stocks also retreated by 4.31% due to the global IT failure, whereas the Mining and Energy stocks managed to diverge positively from their peers.
" The International markets were also depressed last week due to the sales in the technology stocks, as well as the poor PMI figures from Europe.
" The TRY strengthened by a quarter-percent against the greenback but depreciated by 0.42% against the Euro. The 2y and 10yr Bond rates rose by 0.19% and 0.29% to close at 42.11% and 28.06%, respectively.
" On the Commodity front, Brent leaked a 2.59% loss due to a global slowdown in the major economies, and GOLD also fell by 0.57%.
" As of print, the TRY is trading slightly weaker against the USD at around the 33 level, but flat against the Euro at 35.83, after weakening in the early hours to 32.95, while the DXY has retreated to 104.24.
" On the Commodity front, Brent is trading higher this morning at $80.67, as well as GOLD at $2541. We may see the recent uptrend in GOLD prices continue, as it is speculated that the FOMC may lay the groundwork for rate cuts at its meeting on Wednesday, which may coincidentally also reflect positively onto GOLD commodities, such as the KOZAL group shares in the local front.
" At the Bitcoin Conference in Nashville on Saturday, former U.S. President Donald Trump promised to maintain a "strategic national bitcoin reserve" and "never sell" the government's seized bitcoin.

AGENDA

" The local news flow is relatively light this week, as the Economic Confidence-Summary of last week's MPC Meeting-Trade Balance-Foreign Tourist Arrivals, the PMI and Net Change in Foreign STOCK/BONDs will be released.
" On the International side, the US FOMC, the BOE, and Bank of Japan will be disclosing their policy rates, alongside the US Conference Board Consumer Confidence Index-ADP-Pending Home Sales-Beige Book NFP and The PMI figures. The Eurozone will be releasing the GDP growth rate and PMI.
" AKBNK is expected to release its 2Q24 Financials today, followed by GARAN, tomorrow.

CORPORATE NEWS
" NUHCM/OYAKCM: NUHCM disclosed that it was decided to sell all 52,813,366 shares, equivalent to 4.24% of its holdings in OYAKCM at a unit share value of TL 73.18, which was determined as the share purchase offer price, within the scope of the obligation to make a share purchase offer arising under the provisions
" ARCLK: At the Ministry of Industry and Technology HIT30 Investment Program, Turkish appliances maker Arcelik started a two-year project to produce home-grown chips with the chipmaker YongaTek.


 
 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.