Morning Report (Trive Yatırım Menkul Değerler )

FITCH NEWS TRIGGERS BUYING APPETITE
" The BIST pared its losses on Friday, due to the escalation of violence after Israel launched a strike on Iran, on the back of media reports that Fitch Rating would host a panel discussion to discuss its recent upgrade of Türkiye's sovereign rating and the subsequent implications on the Turkish corporate, bank, non-bank financial institution, and international public finance sectors on Wednesday, April 24th, which triggered a buying frenzy, helping the BIST100 close 1.77% higher at 9694, and with a turnover of TRY 109.5bn, thanks to the 5.08% gains in the Banking stocks.
" The first 3 spots at the BIST30 were thus taken by AKBNK-GARAN and ISCTR, followed by SAHOL, whereas ALARK closed limit down due its poor financial release, and EKGYO saw a loss of 9.90%-thus the only 2 to close in the red on Friday.
" Looking at the BIST100, TTKOM closed limit-up, and TKFEN also closed limit-up, thanks to a local broker's upgrade report.
" On a weekly basis, however, the BIST100 fell by 1.23% due to the Iran-Israel retaliatory attacks, while the losses at the BIST30 were at a mere 0.66%, cushioned by the 3.98% gains in the Banking stocks-specifically, the Private-Banks, while both the Conglomerates and the Industrials fell by 1.74% and 1.19%, respectively. The sell-offs at the REITs continued, falling by another 4.21%, especially dragged down by the large income loss by EKGYO, and the Mining stocks fell by 3.57%, while the Energy stocks rose by 1.93%.
" On the BIST100 side: AKFYE-KCAER and AKBNK recorded the highest weekly gains, whereas EKGYO-ALARK and HALKB were the most sold.
" As of print, the TRY is trading weaker against both the USD and the Euro at 32.61 and 34.78, respectively, while the DXY has receded to 106.05.
" The 2yr Bonds closed will open the new week from the 45.44% and 28.40%, respectively.
" On the commodity front, Brent is trading lower this morning at $85.77, whereas Ounce GOLD has receded to $2366.
" President Erdogan will be visiting Iraq today, the first such visit in 12 years, where he will sign around 20 new projects.
" Today, we expect a positive opening due to the lessening tension in the Middle East, as seen in the fall in Brent prices.
AGENDA
" On the local front this week, the Consumer Confidence Level, Real Sector Confidence Level, Capacity Utilization, the CBRT Policy Rate Decision: (BBGe: N/C @50%), Net Change in Foreigners' STOCK/BOND Holdings, and Bloomberg April Türkiye Economic Survey will be released.
" On the International side, the US will be releasing the PMI, New Home Sales, Durable Goods Orders, GDP Growth, Personal Income , the critical Core PCE, and the Michigan Consumer Confidence Figures, while the Eurozone will also be disclosing the PMI, and Consumer Confidence numbers.
" Please note that the BIST will be closed tomorrow-April 23rd in celebration of the National Sovereignty and Youth Day.

CORPORATE NEWS
" TUPRS: Announced that it has decided to make investments in the total amount of 256 million US dollars for the "İzmit and İzmir Refinery Propylene Splitter Project" and the "İzmir Refinery Propane Propylene Storage and Sales System Facility Project" with the aim of producing high value-added chemical products and reducing Scope 3 Emissions.

 
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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.