Market Watch (Şeker Yatırım)

The BIST-100 Index started Friday on a positive trend, faced profit sales led by the Banking Index to close the day at 4,962.97, down 1.65%. The BIST-100 Index gained 1.82% on a weekly basis. Meanwhile, the Banking Index diverged negatively, up 0.32%, while the Industrial Index rose 3.02%. Global risk appetite, strengthened by Fed Chairman Powell's message that the December meeting might be appropriate to slow the rate of interest rate hikes, lost momentum after the stronger-than-expected U.S. employment data emerged. Major global stock markets closed Friday with a limited decline after firm short-term increases. Global risk appetite is expected to remain strong until the next Fed meeting and U.S. inflation data. The VIX Index has tested down 19 for the first time since April, indicating that volatility has decreased and the uptrend will continue despite profit sales in the U.S. Stock Markets. The BIST has recorded a strong rise without any significant corrections over the past two months, although it faced profit sales on Friday. We think that such profit sales may continue in the short term. However, we expect possible drastic corrections in the BIST to present a new buying opportunity, and the uptrend to continue until the next balance sheet period. In an inflationary environment, the uptrend will continue since the BIST is currently the only alternative investment tool among TRY-based assets amid strong domestic investor demand. On the macro front, while the monthly average expectation for local November CPI inflation, to be announced today, is 3.0%, our forecast is for a rise of 2.8%. The VIOP-30 Index closed Friday's evening session close to flat. Relative to the BIST's Friday close, the U.S. and German futures were up by between 0.3-0.8%. Asian stock markets have started the new week with a mixed buying-weighted outlook. Locally, the BIST-100 Index is expected to start with limited reactionary purchases. We expect profit sales to continue during the day, with rises leading to occasional profit-taking. SUPPORT: 4,910 - 4,827 RESISTANCE: 5,001 - 5,091.
Şeker Yatırım Menkul Değerler A.Ş.
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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.