5  September   2010,  Sunday
 
 
Turkish

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Session Comment
ISE-100 Index closed Tuesday from 39153 level with 1032 points gain. Trading volume realized at USD 874 mn.level.GARAN, ISCTR, VAKBN, AKBNK and YKBNK were the active stocks of the day. YTL values of USD and Euro realized at YTL 1,1950 and YTL 1,8665 levels respectively. ISE-100 Index experienced sales a oriented start to day. 37689 level was tested and slight recovery purchases occured after a while.Consumer's Trust Index realized at 51,90 level with 1,5 % rise vs. former month at USA. ISE-100 recovered above 39100s at the second session.Premiums at US Futures and purchase waited course at Wall Street opening resulted with rising purchases at European Stock Markets ans ISE at the second half of the day.J.P Morgan upgrades Turkish stocks from neutral to overweight.Euro was more sales pressured vs.YTL in comparison with USD at the forex market.
FED's FOMC will make Its interest rate meeting. A rate hike decision will probably result with a drop at Euro/USD Parity. Also Consumer Trust Index in Europe and Manufactured Goods Index datas at US will be followed by the financial markets this week.2Q08 results of US companies are being followed at the financial markets. In Türkiye Constitutional Court's deliberation of AKP closure case is not clear in terms of how long it will take to reach a verdict by The Court. It might reach a decision on next by this week or it may take a couple of months to finalize its decision. In either way volatility at the markets will continue. Expectations of not closing AKP in addition the positive courses at foreign stock markets were used as purchase reasons at ISE-100 Index ralli from 32000s. 28000-34000 may be targeted again on a temporary basis in case AKP's closure realizes. But in the end, the course of the global crude oil prices and Türkiye's current account deficit are the main points to be followed by the financial markets in addition to the ongoing and still spreading global credit market losses originated via mortgage crisis in USA. If AKP is closed and certain deputies are banned the re-election of the forbidden deputies and settlement of the new government issues will probably be finalized by 1Q09. After this time the performance of the new government regarding EU Reforms will be important. Hence a short-term temporary negativity at ISE is a considerable possibility with recovery at mid-term. As usuall political instability and indefiniteness may cause the continuation of the high interest rates and sales pressure with high volatility at ISE.
38800, 38500, 38100,37600 and 37100 are our supports at ISE-100 Index with 39450, 39700, 40100, 40800 and 41500 levels as the resistances.
Burada yer alan yatırım bilgi, yorum ve tavsiyeleri 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 olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir.Bu sitede yer alan veriler alım-satım tavsiyesi niteliğinde olmadığından, yapılan ticari hareketlerden kaynaklanabilecek her türlü zarardan HAK MENKUL KIYMETLER A.Ş. sorumlu tutulamaz. Bu Web Site'deki tüm haklar. HAK MENKUL KIYMETLER A.Ş 'ye aittir ve hiç bir amaçla HAK MENKUL KIYMETLER A.Ş.'nin izni olmadan elektronik veya mekanik kayıt cihazları veya benzeri sistemler kullanılarak kısmen ya da tamamen kopyalanamaz, bilgisayar sistemlerine aktarılamaz.