TFG Istanbul Morning Report (TFG Istanbul Menkul Değerler )

• The BIST100 continued to diverge negatively from its peers yesterday as well, falling by 1.38% to 4907, due to the harsh sell-offs in the Banks, whereas the Energy stocks and Industrial stocks fared better.
• FROTO, SASA and YKBNK were the best performing BIST30 stocks, whereas KOZAL faced profit-taking amid the correction in the GOLD prices, especially ahead of today’s FOMC meeting, followed by ASELS and EKGYO stocks.
• Today, we expect the BIST to open on a positive note.
• As of yesterday’s close, the TRY is trading flat at 19.03 against the USD, and at 20.50 against the Euro, whereas the DXY has fallen slightly to 103.20. Both the 2yr and 10yr bond yields rose yesterday by 96bps and 41bps respectively to 13.31% and 11.82%, respectively.
• Brent is currently trading flat at USD 74.66, and ounce and gram GOLD are trading a tad higher at USD 1940 and TRY 1188, respectively.
• The German Zew Index fell to 13.0 in March, vs the estimate of 17.1, attributed to "The international financial markets are under strong pressure," and the high level of uncertainty is reflected in the economic expectations, said ZEW President Achim Wambach.
• Today, President Erdogan will be speaking to layout the Election strategies and addressing the Economic and Political issues.
NEWS FLOW:
• HALKB/VAKBN: Disclosed that the Turkey’s sovereign wealth fund will boost the capital of TC Ziraat Bankasi AS by TRY 40bn ($2.1 billion), while adding TRY 30bn to HALKB and TRY 32bn to VAKBN. “In so doing, all current shareholders' pre-emptive rights shall be restricted in full, and the capital increase shall be conducted in cash and by way of a "private placement."
• AKSGY: Disclosed that it will sell 14 plots and 1 asset to Ziraat Katilim Bank for TRY 177.6mn
• ASTOR: Disclosed that has signed a total value of €3mn with companies in Spain and Estonia.
AGENDA:
• There are no major macro releases on the home front, whereas the main event on the global arena will be the FOMC meeting, with expectation ranging from a 25bps rate hike to leaving it alone, followed by Powell’s speech, as well as ECB President Christine Lagarde’s speech.

 TFG Istanbul Menkul Değerler A.Ş.
  www.tfgistanbul.com/arastirma-raporlar
                           ***
                  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.