Morning Report (Trive Yatırım Menkul Değerler)

Hangover
" The BIST100 was on a hungover mood yesterday after the S&P's credit rating note hike, while also maintaining its positive outlook for Turkey, facing a slight profit-taking to close 0.10% lower at 10,267, and accompanied on a turnover of TRY 103.3bn, led by the fall in the Banking stocks, after the expectations were realized.
" The Banks fell by 0.31%, but the Mining stocks were the most sold-off, falling by 1.39%, while the Industrials and Conglomerates managed a green closing.
" ARCLK-TOASO and ENKAI were the most bought BIST30 stocks, whereas ODAS-GUBRF and PETKM were the most sold.
" As of print, the TRY is trading weaker against the USD at 32.31 and weaker against the Euro at 34.79, while the DXY has risen slightly to 105.16.
" On the Commodity side, Brent is trading higher this morning at $83.30, while GOLD has dropped slightly to $2321.
" Yesterday, Hamas stated that it had accepted a ceasefire deal proposed by Egypt and Qatar which seeks to halt the seven-month war with Israel in Gaza. However, the Israeli government is now reviewing the Hamas response. This morning, it was announced that Israeli forces took control of the Palestinian side of Rafah crossing in Gaza, after starting their attack on Rafah, thus not showing any subsiding in the tension, and the main cause for the rise in Brent prices.
" The REER rose to its highest value since September 2021 to 59.77 in April from 58.10 in March.
AGENDA
" There are no major local macro releases, whereas the Eurozone will be releasing the Retail Sales Figures.
FINANCIAL RESULTS
" ALBRK: 1Q24 net income was TRY 614mn vs TRY 517mn y/y. Net Fees and Commission rose to TRY 734mn from TRY 212mn y/y.
" AKGRT: 1Q24 net income was TRY 235mn vs TRY 131mn y/y. Commission generations rose by 85% y/y to TRY 9.55bn from 5.17bn y/y.

CORPORATE NEWS
" BANKING: The sector net profits rose by 44.7% in 1Q24 on a quarterly basis to TRY 153.5bn from TRY 106.1bn.
" KCAER: Disclosed yesterday that it has decided to start feasibility studies to establish a production facility and/or service center in the United States of America, where it has become an important supplier of steel profiles, especially in the energy sector.

 
 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.