Mornıng Report(Trive Yatırım Menkul Değerler )

THE EMPEROR’S NEW CLOTHES

The BIST faced another day of harsh sell-offs, closing the day 3.87% lower at 7265, but on a low turnover of TRY
42.8bn, with the trough observed at 7208, as the absence of foreign investors (recent buyers) due to the
holiday season, revealed the “naked truth” about the BIST, that locals were less interested in the BIST on the
back of rising interest rates.

The Energy and Mining stocks were once again the most sold stocks, but there were really were no winners
yesterday.

Among the BIST100 stocks, only AKSA managed to close positively, and AKCNS closed unchanged, and that can
be attributed to the new urban transformation overhaul to take place especially in Istanbul, while the GUBRF
once again closed limit-down, causing it to disclose that there was no event/news for sharp sell-offs, and was
followed by KOZAA and ODAS among the blue-chips.

Despite making a positive opening, ASELS shares also fell by over 3%, ahead of today’s Sweden NATO accession
talks at the Foreign Affairs Committee, and PGSUS could not celebrate properly the opening of its new runway,
itself ending the day on a loss of 3.23%.

As of print, the TRY is trading weaker against both the USD and the EURO at 29.31 and 32.31, respectively,
while the DXY is slightly lower at 101.61. On the Bonds’ side, the 2yr rates fell by a modest 2bps to 37.37%,
whereas the 10yr rates rose by 15 bps to 25.87%.

On the Commodity side, Brent is trading higher at $79.10, and Ounce and Gram GOLD are also higher at $2064
and TRY 1945, respectively.

A little news feed from across our borders, Samsung revealed that it has delayed mass production of its
semiconductor plant in the US to 2025.

AGENDA:
On the local front, the Capacity Utilization Rate, Real Sector Confidence Figures will be released, and while the
European markets will still be closed, we welcome back our US colleagues, who will be disclosing the Chicago
National Activity Index and Dallas Fed Production Activity Index.

CORPORATE:
AKBNK: Disclosed yesterday that it sold a total of TRY 1.8bn in non-performing loans to 6 asset management
firms.
BINHO: Disclosed that the Brussels micromobility tender, including Go Sharing B.V., was finalized on 22.12.2023.
Accordingly, Go Sharing B.V. has been entitled to operate in Brussels for 3 years with 300 mopeds within the
total quota of 600 mopeds. The Brussels operation is planned to be launched in the first quarter of 2024.
ORGE: Disclosed that its dynamic UPS system has been approved to be used at the TANAP project valued at
$10.4mn.
PLTUR: Disclosed that it was awarded a TRY 17.8mn personnel transportation agreement with the Turkish
Revenue Services

 
 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.