Morning Report(Trive Yatırım Menkul Değerler )

ALL EYES TODAY ON US CPI FIGURES
" The BIST100 managed a brilliant rebound towards the end of the session, to close the day 0.94% higher at 9921, but on a low turnover of TRY 78.7bn, fuelled by the 2.75% gains in the Banks, buoyed by the Abu Dhabi Sovereign Wealth Fund's interest in the Lebanese Bank Audi's Turkey subsidiary, Odeabank, whereas the Transportation stocks diverged negatively from their peers.
" The gains were parallel to the risk-off mode in the global markets, thanks to the lower-than expected US PPI figures, spurring expectations of a 100bps rate cut in 2024 from the Fed, according to FedWatch.
" TOASO-YKBNK (amid renewed M&A speculations) and DOAS were yesterday's best performing BIST30 stocks, whereas SASA saw profit-takings and fell by 3.07% and joined by ASTOR and BRSAN among the bottom 3 stocks.
" Yesterday, we also saw the MSCI Index updates have a positive impact on the included stocks, as AEFES closed the day 4% higher, while RYGYO and LYDHO also outpaced their peers thanks to being included in the small-cap index.
" As of print, the TRY is trading flat against the USD at 33.54, but stronger against the Euro at 36.87, while the DXY is slightly higher this morning at 102.63. Both the 2yr and 10yr Bond rates rose by 18bps and 30bps to close the day at 42.54% and 28.63%, respectively.
" On the Commodity front, Brent snapped its 5-day gains yesterday, but is trading slightly higher this morning at $80.66, while GOLD is trading slightly lower at $2462, ahead of today's US CPI figures.
" Home Sales in Türkiye rose by 16% y/y to 127.88k homes in July, and the Current Account Balance, gave a surplus of $407bn, while the 12mth cumulative total lessened to $24.8bn. Treasury and Finance Minister, Mr. Mehmet Simsek stated that they expect the CAD/GDP ratio to be at 2.2% for 2024 and fall to less than 2% for 2025.
" The US PPI figures rose less than expected by 0.1% on a monthly basis and by 2.2% y/y.
" Fed Atlanta President, Raphael Bostic stated yesterday that a "little more data" was needed to support cutting rates.

AGENDA

" There are no major macro releases today, while the US Inflation figures (BBGe: +0.2% m/m; +3.0% y/y) will likely impact the direction of trading, and the UK will also release its Inflation figures, while the Eurozone will be releasing its 2Q24 GDP growth rate numbers.

2Q2024 FINANCIAL RESULTS
" KLMSN: Disclosed a quarterly net loss of TRY 8.8mn vs TRY 69.4mn profit

CORPORATE NEWS
" AGESA: Disclosed that its premiums rose by 101% to TRY 7.7bn for Jan.-Jul. Period.
" KOZAL: Disclosed that the 2.6mn ton gold mining at Kaskoy open mine filed and the operation of Himmetdede mine have been added to the Environmental Assessment Report.
" TUKAS: Disclosed that it will increase its paid-in capital via bonus issue by 205% to TRY 4.5mn from TRY 1.47mn.



 
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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.