28 September 2023 09:59:14

MARKET WATCH (SEKER YATIRIM) OUTLOOK: THE BIST100 INDEX STARTED WEDNESDAY WITH A POSITIVE TREND, FLUCTUATED THROUGHOUT THE DAY AND CLOSED AT 8,213.76, DOWN 0.35%. THE INDUSTRIAL INDEX LOST 0.58% WHILE THE BANKING INDEX GAINED 0.78%. WE EXPECT HIGH VOLATILITY TO CONTINUE UNTIL THE 3Q23 EXPECTATIONS EMERGE, AND MEANWHILE PROFIT SALES MAY CONTINUE IN THE SHORT TERM. ALSO WE EXPECT RISING DEPOSIT RATES AND STOCK LOAN RATES TO CAUSE A LOSS OF MOMENTUM AT THE BIST. THAT BEING SAID, ANY SHARP WITHDRAWALS SHOULD PRESENT BUYING OPPORTUNITIES AS THE HIGH INFLATION AND NEGATIVE REAL INTEREST ENVIRONMENT PERSISTS AND THE NEW ECONOMIC MANAGEMENT CONTINUES ITS TRANSITION TO ORTHODOX POLICIES AMID NORMALIZATION. ON THE GLOBAL FRONT, RISK APPETITE REMAINS WEAK. YESTERDAY, US INDICES ENDED THE DAY WITH MIXED MOVEMENTS AND EUROPEAN MARKETS TRADED WITH SELLERS. THIS MORNING, US AND GERMAN DAX FUTURES ARE TRENDING POSITIVELY WHILE MOST ASIAN INDICES HAVE TRADED WITH SELLERS. THE VIX INDEX IS TRADING AT 18, AND A RISE ABOVE 20 WOULD SEE HEIGHTENED SELLING PRESSURE. TODAY THE MARKETS AWAIT EUROZONE CPI AND US 2ND QUARTER FINAL GROWTH DATA, WHICH MAY IMPACT RISK APPETITE. LOCALLY, THE VIOP-30 INDEX ENDED THE EVENING SESSION UP 0.03%. THE BENCHMARK INDEX IS EXPECTED TO START THURSDAY POSITIVELY, WITH ANY PROFIT-TAKING IN TURN PRESENTING A BUYING OPPORTUNITY. SUPPORT: 8,127 - 8,000 RESISTANCE: 8,300 - 8,404. SEKER YATIRIM MENKUL DEGERLER A.S. WWW.SEKERYATIRIM.COM *** YASAL UYARI BURADA YER ALAN YATIRIM BILGI, YORUM VE TAVSIYELER YATIRIM DANISMANLIGI KAPSAMINDA DEGILDIR.YATIRIM DANISMANLIGI HIZMETI ARACI KURUMLAR, PORTFOY YONETIM SIRKETLERI, MEVDUAT KABUL ETMEYEN BANKALAR ILE MUSTERI ARASINDA IMZALANACAK YATIRIM DANISMANLIGI SOZLESMESI CERCEVESINDE SUNULMAKTADIR.BURADA YER ALAN YORUM VE TAVSIYELER, YORUM VE TAVSIYEDE BULUNANLARIN KISISEL GORUSLERINE DAYANMAKTADIR.BU GORUSLER MALI DURUMUNUZ ILE RISK VE GETIRI TERCIHLERINIZE UYGUN OLMAYABILIR.BU NEDENLE, SADECE BURADA YER ALAN BILGILERE DAYANILARAK YATIRIM KARARI VERILMESI BEKLENTILERINIZE UYGUN SONUCLAR DOGURMAYABILIR.