Market Watch (Şeker Yatırım)

Outlook:
The BIST100 Index started Thursday on a positive trend, maintaining its strength throughout the day to peak at its TRY-based record by testing 8,990. The Index closed at 8,949.79, up 1.21%. While stocks of high index weight such as BIMAS, SISE, and TUPRS made the strongest contribution to the Index on a points basis, the Industrial Index rose 1.67% and the Banking Index diverged negatively, up 0.12%. Yesterday, the presentation of the year's first inflation report was followed. Contrary to general market expectations the CPI forecast for the end of 2024 was kept constant at 36%. In the presentation, while emphasizing the determination to establish disinflation, it was stated that there is no need for an additional interest rate increase at the moment, and that additional tightening could be achieved through financial instruments. We conclude that increased confidence in the market following the presentation positively impacted the BIST. As long as confidence in rational policies, the decline in CDS, and foreign investor interest continue, we maintain our positive outlook on the BIST. However, we recommend stock selectivity at current levels, and profit-taking may occur in the short term. However, possible sales will in turn present buying opportunities for the medium term. On the global front risk appetite remains strong. Yesterday, major stock markets closed the day positively. This morning U.S. futures and German DAX futures have followed a mixed course, and a generally positive trend prevails among Asian Stock Markets. While the global data agenda is quiet, potential comments from Fed members may yet direct risk appetite. The VIOP30 Index ended the evening session flat, up 0.04%. Locally, we expect the Benchmark Index to start Friday flat and try to continue the rise if intraday profit sales can be covered. SUPPORT: 8,850 - 8,750 RESISTANCE: 9,000 - 9,150.


Şeker Yatırım Menkul Değerler A.Ş.
www.sekeryatirim.com
 

                                  ***
                               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.