Market Watch (Şeker Yatırım)

The BIST100 Index started Tuesday on a negative trend, staged a recovery during the day but closed at 9,548.09, down 1.36%. AKBNK, YKBNK, and ISCTR stocks made the highest negative contribution to the index on a points basis. The Industrial Index lost 1.01% and the Banking Index diverged negatively, down 4.55%. While the technical correction continues due to rising geopolitical risk and declining global risk appetite following the rapid rise recorded at the BIST prior to the recent holiday, the Banking Index, at historical peaks in TL terms, diverged negatively. There is an understandable need for a short-term technical correction. Yet expectations that Treasury and Finance Minister Simsek and CBRT Governor Karahan, attending the World Bank-IMF meeting, will meet with investors in New York and Washington next week may increase optimism towards the BIST and limit sales. In this context, we maintain our view that possible sharp pullbacks will be considered buying opportunities for the medium term. Risk appetite continues to weaken in global markets. While Fed Chairman Powell stated that interest rates may remain high for longer according to inflation data, the U.S. and European Stock Markets continued their bearish trend yesterday. This morning, limited reactionary purchases were observed in the futures transactions of the indices, which have been experiencing sharp sales since last week, while Asian stock markets continue to sell. We think that global markets will continue to navigate data and statements from Fed members. Today, the local current account balance and Eurozone inflation data abroad will be followed. The VIOP30 Index completed the evening session down 0.02%. Locally, we expect the Benchmark Index to start Wednesday with a selling trend and then seek a return rise on reactionary purchases. SUPPORT: 9,450 - 9,250 RESISTANCE: 9,600 - 9,700.
 

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

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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.



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