Market Watch (Şeker Yatırım)

The BIST100 Index started Friday on a negative trend, closing the day at 7,986.47, up 1.15%. The Industrial Index gained 0.88% and the Banking Index rose 1.90%. On a weekly basis the BIST100 rose by 4.69% and the Industrial Index gained 0.36%, while the Banking Index showed a strong positive divergence, up 14.25%. Throughout the week, optimism was observed over Türkiye's assessment expected from Rating Agency Moody's, and its potential impact on the BIST. On Friday evening, Moody's raised the outlook from Stable to 'Positive', in line with market expectations, and revised the credit rating to B3. The main reason behind the update in rating outlook was the return to rule-based orthodox econmic policies. Rising foreign purchases following the rating increase have been effective in the positive divergence of the Banking Index over the past few months. Industrial stocks are suppressed by uncertainty over inflation accounting and concerns that domestic demand will decline. Across the BIST the high return potential of alternative income instruments and the rise in stock loan interest rates limit investor interest. We expect sharp withdrawals in the medium term to present buying opportunities due to the peaking of deposit interest rates, plus rising foreign interest. Meanwhile, strengthening global risk appetite and fund flows towards EMs may also support the BIST. As risk appetite has remained strong in global markets, major stock market indices ended the week with a general increase. Although CPI data from the USA last week exceeded expectations, the PPI data announced on Friday was lower than expectations, which strengthened the pricing of an interest rate cut in March. This morning, the U.S. futures, German DAX futures and Asian Stock Markets in general are trading bullishly. We expect global risk appetite to remain strong as data indicating that interest rate cuts are to begin is announced. Central Government Budget data for December will be announced today. We estimate closing 2023 with a record budget deficit, despite recent contractionary fiscal policy measures. The VIOP-30 Index ended the evening session down 0.05%. Locally, we expect the Benchmark Index to start Monday with a negative trend, but to maintain its short-term uptrend, with any intraday retreats offering buying opportunities. SUPPORT: 7,895 - 7,830 RESISTANCE: 8,040 - 8,150.

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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.