Market Watch (Şeker Yatırım)

The BIST100 Index started Friday with buyers. The Benchmark Index then declined amid afternoon sales to close at 5,092.88, down 0.83%. The Banking Index diverged negatively, down 1.59%, while the Industrial Index lost 0.66%. On a weekly basis, the BIST100 index maintained its reactionary uptrend for the second week, rising 3.42%. The Banking Index gained 3.58% and the Industrial Index 2.63%. Election uncertainty and the expectation that orthodox policies may be adopted thereafter, plus the rise in deposit rates, including Currency Protected Deposits suggest selling pressure for the BIST. In light of these, we expect purchases ahead of the election to present a selling opportunity. The fluctuating course will continue within the broad band that the index has seen since the start of the year. Incidentally, we expect stock and sector-based divergences to impact the market in the short term with the effect of the 1Q23 results season that commences this week. In major global stock markets risk appetite has attempted a recovery. Last week US inflation data pointed to a decline. With the expectation that Fed interest rate hikes are approaching as a result, the rise in stocks and assets such as gold continued during the week. Major stock markets ended the week with an overall gain of over 1%. This morning US and German DAX futures and Asian indices are trading with buyers. Domestically, the VIOP-30 Index closed the Friday evening session up 0.27%. We expect the Benchmark Index to start Monday positively and thereafter pursue a volatile course, with any intraday gains presenting a selling opportunity. SUPPORT: 5,058- 5,010 RESISTANCE: 5,144 - 5,260.
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.