Morning Note /
Turkey

Turkey: Eyes will be on US non-farm payroll today

  • BIST 100 Index finally closed above 5,000 resistance level yesterday.

  • Today a flat opening is likely and daily resistance and support levels are 5,100-5,300 and 4,940 respectively.

  • Foreign share in the market is above 30% level again from 29,34 % levels.

ATA Invest
2 December 2022
Published byATA Invest

BIST 100 Index finally closed above 5,000 resistance level yesterday. Global markets are signaling a profit taking and a negative opening. Turkish equities are at overbought levels despite the closed above 5,000 level. Today a flat opening is likely and daily resistance and support levels are 5,100-5,300 and 4,940 respectively. Eyes will be on US non-farm payroll today. Foreign share in the market is above 30% level again from 29,34 % levels. We remain positive with TOASO which faced some profit taking sales yesterday and THYAO PGSUS looks string technically.

Macro news:

*Main opposition party leader CHP’s Kilicdaroglu will announce his party’s vision document on Dec, 3.

Company news:

* MPARK TI> bought back 12K shares at an average price of TL81.20 on 1 December 2022. Since 25 May 2022, the total number of shares bought back reached 6.7mn at an average price of TL48.98.