ANALİZ-Morning Report(Trive Yatırım) [FNC-NEWS]

• 02.08.2024 08:50

https://news-files.foreks.com/attachment/1722577808006_MORNINGTRIVEREPORT-02AUG2024.pdf


The BIST100 closed 1.50% higher yesterday at 10,798, rebounding from its peak at 10,880, and with a turnover of TRY 92.6bn, thanks to the bounce back in the recent laggard sectors. The BIST was perhaps the envy of tis global peers yesterday, as the European and US markets fell due to the poor PMI figures, that stoked recession worries, accompanied with ?Were the Central Banks too late in cutting interest rates?
Perhaps rather than taming of inflation, poor growth outlook is what triggered Fed Chair Jerome Powell to put the ?rate-cut card? into play in September.
Today, the Asian markets are also trading in deep red, and the 10yr Japanese bond yields are trading below 1% for the first time since 20th of June.
As such, the Banks-Mining and Transportation stocks closed the day over 3% higher, with the Industrial and REITs underperforming their peers, but still managing a green close.
YKBNK-GARAN and PGSUS were yesterday?s highest BIST30 earners, whereas OYAKC-BIMAS and KONTR were the most sold. The Banking stocks were helped by the positive earnings results from GARAN and YKBNK
As of print, the TRY is trading weaker against the USD at 33.18, but flat against the Euro at 35.84, while the DXY has retreated slightly to 104.28. The 2yr and 10yr Bond rates both fell by 32bps and 50bps to 42.10% and 27.85%, respectively.
On the Commodities front, Brent is once again trading under the $80 ticker after the release of the worse-than expected PMI figures, but is a nudge higher this morning at $79.90, and GOLD has risen to $2458.
Last week, Foreign investors were net SELLERs of $129mn STOCKS, but net BUYERs of $1.361bn BONDS.


Foreks Haber Merkezi ( haber@foreks.com )
Foreks
Metals Market
Montel News
Foreks Twitter
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 getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir.