Mornıng Report (Trive Yatırım Menkul Değerler )

• It appeared yesterday that the BIST100 wanted to end 2023 on a positive note, paring its previous day’s losses to closes on a gain of 1.87% at 7396, but with a rather low turnover of TRY 59.3bn, as it seems many investors, local and foreign, are absent due to the long weekend on the back of the New Year celebrations.
• The gains were fairly uniform across the board, however, the Banks lagged their peers, but rising a mere 0.60%, whereas the Energy stocks were yesterday’s best performing sector, thanks to its 3.53% surge, but being sold nearly 6% ytd.
• TCELL-KRDMD and ASELS were yesterday’s most bought blue-chips, while GUBRF again closed limit-down, and was followed by profit-taking on TUPRS, especially amid the 2% drop in Brent, alongside SISE.
• As of print, the TRY is trading weaker against both the USD and the Euro at 29.51 and 32.66, respectively, while the DXY has risen slightly to 101.20. The 2yr and 10yr Bond rates both increased yesterday by 105bps and 29bps to 39.09% and 26.45%, respectively. The 5yr CDS rates are currently trading at 283.
• On the Commodity side, Brent is trading continuing its fall, currently trading at $77.56, and whereas Ounce has fallen a tad to $2070, gram GOLD is flat at TRY 1963, respectively.
• Last week, Non-Resident Investors were net BUYERS of $140mn STOCKS and $34mn BONDS, and the Net Reserves rose by a further $2.925bn to $145.453bn.
• According to the Capital Markets Board, Inflationary Accounting will begin on the first quarterly disclosure of 2024, but companies have a 10-week grace period after the last date to release their financials.
AGENDA:
• On the local front, the Trade Balance will be released (BBGe: -$5.90bn), while on the international side, China will release its Balance of Payment figures.
CORPORATE:
• KONTR: Disclosed that it will increase its paid-in capital by 100% via rights issue and 125% via bonus issue to TRY 650mn from TRY 200mn.
From Trive Securities, we wish all our readers a healthy and prosperous 2024.


 
 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.