Mornıng Report (Trive Yatırım Menkul Değerler )

" The BIST closed yesterday on a loss of little over 1% at 8009, with a turnover of TRY 82.1bn, due to speculations of a possible taxation on investment earnings-but this maybe on foreign holdings-though no announcement has been made on the matter, as well as the ironic fact that the falling US interest rates may nudge the FOMC for another 25bps rate hike.
" Amid the rise in the fuel prices, the Transportation stocks, mainly the Aviation stocks, were the most sold, falling on average 2.23%, and the Energy and Mining stocks were also heavily sold, whereas the losses at the Banks and Industrials were little less compared to their peers.
" SASA-HEKTS and TOASO, thanks to tightening imports on electrical vehicles, were the most bought blue-chip stocks, whereas TAVHL-KOZAA and TCELL were the most sold.
" As of yesterday's close, the TRY is trading a tad weaker against the USD at 28.95, but stronger against the Euro is at 31.75, while the DXY is slightly higher at 102.84. On the Bonds' side, both the 2yr and 10yr yields continued their freefall, retreating a further 280bps and 202bps to 39.59% and 28.66%, respectively. The 5yr CDS rates will open the new day around 9pts lower from yesterday at 333.
" On the commodity front, Brent is trading higher as of yesterday's closing prices at $83.29, ahead of today's quintessential OPEC+ meeting, and ounce and gram GOLD are at $2048 and TRY 1904, respectively.
" Türkiye's Trade Deficit shrank by 17.5% y/y to $6.5bn from $7.9bn.
" The Banks increased their 10m23 total profits by 45% y/y to TRY 486bn from TRY 335.9bn, while the CAR was at 18%, COR at 15% and NPL fell to 1.54% from 2.23%. Total loans increased to TRY 11trn from TRY 7.03trn y/y.
" At yesterday's speech to the Istanbul Chamber of Commerce, Governor Erkan Gaye state that the shift to the lira has come, emphasizing that businesses also had to believe and participate in the disinflation process, which she added will most likely start in 2Q23.
" Please note that as tonight the MSCI adjustments will be made, we may see volatility in the names. As a kindly reminder, AKCNS, ANSGR, BTCIM, BFREN, ECZYT, ENERY, IZENR, KLSER, KRDMA, KAYSE, KONYA, MIATK, PEKGY, POLTK, SDTTR, TRGYO, TURSG, VERUS, YEOTK, will be added, whereas BRSAN, OYAKC, and TTRAK will be deleted.
AGENDA:
" On the local front, the Weekly Non-Resident STOCK/BOND Holdings will be released, as well as the 3Q23 GDP figures (BBGe: +5.3%), while on the international front, the US Personal Spending figures will be released, as well as the Pending Home Sales figures and Weekly Jobless Claims, while the Eurozone will be disclosing the Inflation figures.
" Finance Minister Mehmet Simsek will also be speaking today on public television.
CORPORATE:
" TUPRS: Disclosed that the Energy Regulator had approved its subsidiary Entek's application 57.6MW and 72MW wind energy storage constructions.


 
 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.