TFG Istanbul Morning Report (TFG Istanbul Menkul Değerler )

• The BIST ended the day triggering the circuit-break at over 5% sell-off, ending another irritable day at 4729, and turnover of TRY 94.7bn, diverging negatively from the global markets.
• The Banks continued to bear the brunt of the sales, falling by nearly 7%, due to the New Year regulations against the sector.
• The only BIST30 stock that managed to close positively was SASA and having to expand our gainers to include the BIST100 stocks, second place went to KLRHO, and third to KZBGY, whereas TUPRS managed to round-up the stocks with the prestigious (+) distinction, whereas the most sold BIST30 stocks were YKBNK, ASELS and HALKB.
• Today, we expect a positive opening, however, the US CPI figures, TBA at 16:30 Turkey time, will be the main determinant as to how the BIST will end the day.
• As of yesterday’s close, the TRY is trading flat at 18.78 against the USD, but slightly weaker against the Euro at 20.22, whereas the DXY has fallen slightly to 103.05. Both the 2yr and 10yr bond yields continued to rise, closing 27bps and 62bps higher at 9.87% and 9.51%, respectively.
• On the commodity front, Brent is trading higher, just below the USD 83 ticker, and ounce and gram GOLD are trading higher at USD 1874 and TRY 1137, respectively as US bond yields continue to come down, putting gold in a favorable position.
• Turkey November balance of payment displayed a TRY 3.67bn deficit, thus reaching TRY 42bn in the last 11 months, and likely to be TRY45bn for full year 2022.
NEWS FLOW:
• The CMB announced the deadline for funds to close reverse repo transactions has been extended to April 28 from January 30.
• The Ready-to-Wear Organization wants the USD/TRY to be raised to 23 in order to compete with its competitors.
• CUSAN: Disclosed that it bought back 27,452 shares at TRY 16.61-16.71
• SOKE.E shares will start trading at the BIST today
AGENDA:
• On the local front, Foreigners’ weekly Stock/Bond holdings will be released, whereas the most important macro news flow will be the US CPI figures ((Cons. -0.1% m/m; 6.5% y/y), as well as the Jobless Claims and Earnings figures.

 TFG Istanbul Menkul Değerler A.Ş.
  www.tfgistanbul.com/arastirma-raporlar
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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.