Market Watch (Şeker Yatırım)

Outlook:
The BIST100 Index started Wednesday on a negative trend, seeing increased sales on news that the corporate tax for 2023 was increased from 20% to 25% and from 25% to 30% for financial institutions. The index level of 5,889 was tested. However, the BIST100 Index closed the day at 6,106.76, up 1.71%, with the expectation that tax hikes would reduce the budget deficit and positively affect macro indicators. While the Industrial Index rose 1.71% the Banking Index diverged negatively, down 0.97%. We consider it normal to see profit realization at certain levels at the BIST, which has achieved a rapid and sharp rise within a short time period. However, we think that the negative real interest rate policy will remain supportive of the BIST during the gradual normalization period. The rise will continue in the short term, led by exporters and/or companies with high FX assets, which are positively affected by the rise in exchange rates. In the medium term, we think that the direction will become clear once the steps to be taken and the economic program to be announced are known. In major global stock markets, risk appetite is seeking direction with incoming data. In the minutes of the Fed's latest meeting it was pointed out that further interest rate hikes could occur and that weak global economic data was suppressing risk appetite. In the markets, the probability of the Fed's rate hike at the July meeting is priced at 90%. The U.S., European and Asian Stock Markets, which ended the day with decreases midweek, have seen sales this morning. The VIX continues to point to low volatility and selling pressure in the U.S. Stock Markets. The VIOP-30 Index closed the evening session up 0.24%. Locally, we expect the Benchmark Index to start the day positively and maintain its uptrend with interim profit-taking presenting buying opportunities. SUPPORT: 6,075 - 5,950 RESISTANCE: 6,182 - 6,290.

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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.