TFG Istanbul Morning Report (TFG Istanbul Menkul Değerler )

• The BIST ended the final day of the week 3.08% higher at 7067, accompanied with a persuasive turnover of improved market sentiment of TRY 167.6bn, spearheaded by the gains in the Banks, whereas the REITs and Energy stocks lagged their peers. The appointment of 3 new Vice Chairs, following the investor friendly CBRT inflation assessment meeting for the first time by the new Governor, certified the new “All-Star” Economy team of the gradual normalization and return to orthodox policies.
• As such, the BIST rose by 5.67% on a weekly basis, thanks to the 12% gains in the Banks, whereas the USD appreciated by a quarter percent, but the TRY made gains against the Euro by 1.21%. On the commodity front, the Brent rose by nearly 5% amid speculation that the Fed may skip rate hikes in September, but both ounce and gram GOLD slid slightly. The 2yr TR Bonds rose by 0.25% whereas the 10yrs’ fell by 1.75%.
• Today, we expect a positive opening, and may see the gains in KCHOL and the private Banks continue, as well as the Energy stocks.
• As of Friday’s close, the TRY is trading weaker against the USD at 26.95 against the USD, and a tad weaker against the Euro at 29.67 against the Euro, whereas the DXY has risen to 101.82, as of print.
• On the commodity front, Brent is trading slightly lower this morning, just north of the USD 84 ticker, and both ounce and gram GOLD prices have slid slightly to USD 1954 and TRY 1693, slightly.
AGENDA:
• Foreign Tourist Arrivals will kick-off the macro agenda this week and will be followed by the PMI, Inflation (CPI: Est. 8.15% m/m: Core Est: 55%), followed by the Weekly Net Change in Non-Resident STOCK/BOND Holding, and the REER, as well as the 2Q23 Earnings.
• On the international front, the PMI figures will be released across the board, whereas the ADP and NFP will be carefully watched from the United States, as well as the Euro GDP growth rate, Estimated CPI and the PPI, and Unemployment, and the BOE will convene.
CORPORATE NEWS:
• TOASO: It has been announced that a Share Purchase Agreement has been signed between TOFAS and Stellantis Group for acquisition of Stellantis Otomotiv Pazarlama A.S for EUR400mn.
• KOZAL & KOZAA & IPEKE : It has been announced that the transfer of companies from the SDIF to the Treasury has been completed.
• KCHOL & TATGD: It has been announced that process of the sale of shares of TATGD have passed to the second phase with the candidates deemed suitable.
• DARDL&YAYLG: was announced that both Dardanel and Yayla Gida was among the candidates deemed suitable in the sales process of TATGD.
• CIMSA: It is decided to increase The company's capital from TRY135.1mn TL to TRY945.6mn with an increase of TRY810.5mn TL as 600% bonus issues.


 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.