Morning Note /
Turkey

Turkey: Daily support and resistance levels are 4,785

  • Due to the Covid restrictions, the tension and unrest increases in China

  • Turkish equities on the other hand is likely to open slightly in green despite the overbought signals in BIST 100

  • President Erdogan will be joining to his group meeting today in the afternoon

ATA Invest
28 November 2022
Published byATA Invest

Due to Covid restrictions, the tension and unrest increases in China and leads a selloff in Asian equities and signals a weak opening in European markets as well. Turkish equities on the other hand is likely to open slightly in green despite the overbought signals in BIST 100. Daily support and resistance levels are 4,785 and 4,940-5,160 respectively. President Erdogan will be joining to his group meeting today in the afternoon and any remarks following the meeting will be followed.

Company news:

* MPARK TI> bought back 13K shares at an average price of TL73.93 on 25 November 2022. Since 25 May 2022, the total number of shares bought back reached 6.7mn at an average price of TL48.76.

*TAVHL TI> CEO of TAVHL announced that he sold 25k TAVHL shares at TL85.79/shr

 Weekly Agenda:

Nov 29: November Economic Confidence Index

Nov 29: October Foreign Trade Statistics

Nov 29 BRSA monthly banking sector data

Dec 1: November Markit PMI

Dec 1 Weekly BRSA banking sector data