Mornıng Report (Trive Yatırım Menkul Değerler )

• The BIST100 ended the week on a sour note, not really having the best of weeks either, falling by 0.24% to 7997, and on a low turnover of TRY 74.5bn,
• The Banks lost on average 0.27% and the Conglomerates by 0.46%, whereas the Industrial stocks pared their previous day’s losses to close on average 0.29% higher.
• As such, SASA-thanks to the share buybacks by parent company Erdemoglu, led the gains among the blue-chips, and was followed by KOZAA and HEKTS shares, whereas EKGYO-ASELS and KCHOL were the most sold, following their recent gains.
• Thus, now taking a look over last week as usual every Monday, the BIST100 closed 0.13% higher for the week, whereas the BIST30 stocks sank by 0.59%.
• Looking into the details, the Banks faced profit-takings and fell by 3.89%, thanks to the conclusion of the Moody’s Rally, which unfortunately failed to end with a fairy-tale note-increase story, whereas all the other major indices, besides the Transportation stocks, had a positive closing. The REITs continued their good run on the expectations of accelerated urbanization in Istanbul, rising on average 5.66% for the week, and the Energy stocks, 2023’s laggards, are also appearing to make amends for last year’s underperformance, closing by a further 4.50% gains last week (Ytd-the return in the Energy stocks have been close to 11%).
• Among the BIST30 stocks, the biggest Movers and Shakers were EKGYO: +7.47%; SASA: +7.18%; ASTOR: +6.47%; TCELL: +5.47% and FROTO: +2.44%; vs. YKBNK: -4.89%; EREGL: -3.96%; GARAN: -3.13%; KRDMD: -3.09%; ENKAI: -2.50%.
• The TRY depreciated by 0.31% against the greenback, but was flat against the Euro, whereas both the 2yr and 10yr rates rose by 3.47% and 1.94% to close at 42.36% and 27.33%, respectively.
• On the Commodity front, Brent rose slightly by 0.16%, whereas Ounce GOLD fell by 0.97% due to cautionary comments regarding premature rate cuts by ECB officials in Davos, as well as their Fed counterparts, most notably Christopher Waller last week.
• As of print, the TRY is trading flat against the USD at 30.21, but rather stronger against the Euro at 32.94, while the DXY is lower at 103.20.
• On the Commodity front, Brent is trading lower this morning at $78.02, and Ounce GOLD is lower this morning at $2023.
• According to the WSJ, the US-Egypt-Qatar have phased a plan to end the Israel-Hamas War. Accordingly, Israeli hostages would be freed, as well as Palestinian prisoners, and Israel would pull forces from Gaza in stages. The United States is also pushing for a Palestinian state but is being vehemently opposed by Israeli PM Benjamin Netanyahu.
• The Expected 12 mth Inflation by Market participants increased to 42%, USD/TRY at 40.64, and the policy rate at 45%.
AGENDA:
• On the local front this week, the Consumer Confidence level will kick-off the macro agenda tomorrow, followed by the Real Sector Confidence-Capacity Utilization Rate-MPC One-Week Repo Meeting (Survey +250bps to 45% from 42.50%)-Net Change in Non-Resident STOCK/BOND Holdings-Bloomberg January Türkiye Economic Survey.
• On the international front, the US will be disclosing the PMI-Quarterly GDP Growth Rate-and Personal Income and Spending figures, while the ECB will also be disclosing their policy rate along with the BOJ, besides the PMI figures.
CORPORATE:
• KCHOL/OYAKC/THYAO/TCELL/TUPRS: Moody’s has upgraded the credit rating for the listed companies to B2 from B3, and upgraded the outlook to Positive from Stable, while maintaining a B3 but upgrading the outlook to Positive for SISE and EREGL.
• KORDS: Disclosed that inline with its strategy of further enhancing its expertise in the composite technologies, it has decided to purchase 10% shares of B PREG("BPREG"), a Turkey-based sustainable advanced materials company, specializing in natural fiber-reinforced industrial biocomposites and providing eco-friendly alternatives to synthetic composites, with a total nominal value of TRY 25,000; accordingly a Contribution Agreement has been signed.
• KRVGD: Disclosed that it has completed its liquorice production line in Egypt.

 
 Trive Yatırım Menkul Değerler A.Ş.
  https://www.trive.com.tr/

***
                        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.