MARKET WATCH (SEKER YATIRIM) THE BIST-100 INDEX STARTED THURSDAY ON A POSITIVE TREND, TESTED THE NEW HISTORICAL PEAK OF 4,939 DURING THE DAY, AND CLOSED AT 4,858.21, UP 0.08%. THE BANKING INDEX DIVERGED NEGATIVELY, DOWN 1.79%. AS EXPECTED, THE CBRT LOWERED THE POLICY RATE BY 150BPS TO 9.00%, WHILE PROFIT SALES WERE LED BY THE BANKING STOCKS, WHICH HAD GIVEN A STRONG PERFORMANCE THE DAY BEFORE THE DECISION. THE STRENGTHENING TREND IN GLOBAL RISK APPETITE CONTINUES, ALBEIT WITH WANING MOMENTUM. THE U.S. MARKETS WERE CLOSED YESTERDAY, AND EUROPEAN STOCK MARKETS IN GENERAL CLOSED WITH A LIMITED RISE. AFTER STRONG SHORT-TERM REACTIONARY PURCHASES, PROFIT-TAKING MAY BE SEEN IN GLOBAL STOCK MARKETS. HOWEVER, THE STRENGTHENING TREND IN GLOBAL RISK APPETITE IS EXPECTED TO BE MAINTAINED AHEAD OF THE NEXT FED MEETING AND U.S. INFLATION DATA. THE BIST CONTINUES ITS UPTREND, TESTING NEW HISTORICAL PEAKS. YET SPECULATIVE MOVEMENTS IN A FEW STOCKS OF HIGH INDEX WEIGHT AND IMPACT CONTINUE TO CAUSE FLUCTUATIONS. MEANWHILE, THE CBRT HAS TERMINATED COMMISSIONS ON THE CONVERSION RATES OF FC DEPOSITS AND HAS DECIDED TO CHARGE COMMISSION AT VARYING RATES ACCORDING TO THE SHARE OF TRY IN DEPOSITS. THIS NEWS FLOW MAY CAUSE NEGATIVE DIVERGENCE IN THE BANKING INDEX AND SHORT-TERM PROFIT-TAKING. ALTHOUGH THE INDEX IS EXPECTED TO CONTINUE ITS UPTREND IN THE MEDIUM TERM, WE THINK THAT THE RISK OF LIMITED PROFIT SALES HAS INCREASED AFTER THE STRONG SHORT-TERM RISE. THAT SAID, DECREASES WILL PRESENT BUYING OPPORTUNITIES AND THE UPTREND WILL CONTINUE WITH INTERIM CORRECTIONS UNTIL THE NEXT RESULTS SEASON. THE U.S. MARKETS WILL BE OPEN FOR HALF A DAY TODAY. THE VIOP-30 INDEX CLOSED THE EVENING SESSION DOWN 0.52%. RELATIVE TO THE BIST CLOSE, THE U.S. AND GERMAN DAX FUTURES WERE FLAT. THERE WAS A NEGATIVE WEIGHTED TREND IN ASIAN STOCK MARKETS. LOCALLY, WHILE WE EXPECT THE BENCHMARK INDEX TO START FRIDAY NEGATIVELY, THE UPTREND CONTINUES. WE MAY OBSERVE INTRADAY PROFIT-TAKING. SUPPORT: 4,780 - 4,686 RESISTANCE: 4,881 - 4,940. 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. 25.11.2022 09:40:37