TFG Istanbul Morning Report (TFG Istanbul Menkul Değerler )

• The BIST closed yesterday 3.83% higher to 4951, with a strong turnover of TRY 91.3bn, thanks to the 9% gains in the Banks, on the back of reports that former finance minister Mr. Mehmet Simsek will take control over the economy.
• As such, the top performers among the blue-chips were the privately listed stocks, followed by SAHOL and ARCLK, whereas THYAO, KOZAA and HEKTS lagged their peers, and among the BIST100 stocks, 95 stocks closed positively, and 4 in the negative territory, with GESAN shares being unchanged.
• Today, we expect the positive momentum to continue.
• As of yesterday’s close, the TRY is trading weaker against the USD at 20.68, and weaker against the Euro at 22.09, whereas the DXY has risen to 104.37. The Debt Ceiling bill managed to pass the House Floor yesterday and is expected to be voted on today.
• On the Bonds’ side, whereas the 2yr yields rose by 85bps to 11.28%, whereas the 10yr rates were unchanged at 9.09%.
• Looking at the commodities, Brent has fallen to USD trading at USD 73.52, and ounce and gram GOLD are trading higher at USD 1962 and TRY 1303, respectively.
• Türkiye April foreign trade deficit was recorded at USD 8.7bn.
• The MSCI Index changes will be made today, please recall that TOASO will be included.
• The Cabinet Meeting will be held today at 13:30 GMT, and all eyes will be perked to the announcement of the new economy team.
NEWS FLOW:
• AYGAZ: Disclosed the transfer of its subsidiary Koc Finansal to parent company KCHOL.
• ZOREN: Disclosed that it expects sales to be around TRY 38-422bn and the EBITDA at 10-12bn for 2023.
• SISE and ALARK will distribute gross TRY 0.68 and TRY 0.33 cash dividends today.
AGENDA:
• 1Q23 GDP figures will be released on the local front, whereas on the international front, US and Eurozone PMI figures will be monitored, as well as the Fed Beige Beige, Germany’s inflation figures, and ECB Chairman Lagarde will be speaking today

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