Market Watch(Şeker Yatırım)

The BIST-100 Index started Monday on a positive trend, closing the day at 5,391.91 up 3.41% thanks to the strong contribution of banking stocks and purchases spread throughout the Index. While the Benchmark Index tested the new peak level of 5,403.98 the Banking Index closed the day up 9.83, diverging positively. In global markets, risk appetite remained weak. While the European Stock Markets closed with a slight rise due to data indicating recovery in Germany, the U.S. and Asian Stock Markets closed with a decrease. We expect risk appetite to continue finding direction in line with incoming data, notably the statements of central banks. 3Q final GDP growth and Friday's personal income and spending data to emerge in the U.S. this Thursday could shape risk appetite. The VIX Index is close to 23, and as long as it stays above 21 volatility continues, while sales in the U.S. Stock Markets are expected to deepen if it rises above 25. In the domestic market, we expect th Benchmark Index to continue moving independently of global counterparts for the short term. The BIST is currently the only alternative investment instrument among TRY-based assets in an inflationary environment, and profit sales reflect strong domestic investor demand. Indeed, we argue that sharp pullbacks will be used as a buying opportunity for the medium term. However, we think that a volatile course may occur in the short term with Index rises presenting a selling opportunity. While the U.S. futures and German Dax futures started negatively this morning, a selling trend was evident among Asian Stock Markets on recession concerns. The VIOP-30 Index closed the evening session flat. Locally, we expect the Benchmark Index to start the day positively. Intraday rises in the Index may prompt profit-taking. SUPPORT: 5,338 - 5,256 RESISTANCE: 5,434 - 5,462.
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.