Market Watch(Şeker Yatırım)

The BIST-100 Index started Friday on a negative trend, closing the day at 4,984.86, up 0.28%. Volatility in the Index has relatively decreased. The Banking Index lost 0.28% and continued to trigger negative divergence and sales. On a weekly basis, the BIST-100 recorded a decline of 6.68%, while losses in the Banking Index reached 11.91%. The CBRT has decided to set the required reserve ratios as 0% for TRY deposits with maturities longer than 3 months in order to encourage the extension of the maturity of TRY deposits. In addition, it has been decided to apply 0% required reserve ratios until the end of 2023 for the increase in FX liabilities with a maturity of over 6 months directly obtained from abroad. We think that news flow regarding the decrease in the required reserve ratio may support the banks. In the medium term, we expect the fluctuating course at the BIST, now under the influence of 2023 election expectations, to continue until the election date is clarified. The general expectation is for the election to be set for May. Pulling the election date earlier than that would increase volatility. If the elections take place in May, we may expect the rise of the BIST to continue, notably among companies with strong balance sheet expectations. Major global stock markets ended both Friday and the week with increases. As global risk appetite continues to strengthen, the VIX dipped below 19, indicating that volatility in the U.S. Stock Markets has decreased. The U.S. Stock Markets are closed today for Martin Luther King Day. The U.S. futures were positive this morning. German DAX futures and Asian Indices were also generally positive. The VIOP-30 Index closed the evening session up 0.23%. Locally, we expect the Benchmark Index to start the day with an uptrend, and to try and sustain the momentum during the day, even amid volatility. SUPPORT: 4,930 - 4,796 RESISTANCE: 5,116 - 5,230.

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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.