Morning Note /
Turkey

Turkey: Global markets signal positive opening for BIST100

  • US markets were very volatile following the inflation data but rebounded and closed very strong yesterday

  • Risk appetite rise significantly in global markets in the last trading day of the week

  • In the meantime, companies with strong 3Q expectations keep outperforming the index like aviation companies

Zeynep Erman
Zeynep Erman

Equity Research Analyst

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ATA Invest
14 October 2022
Published byATA Invest

US markets were very volatile following the inflation data but rebounded and closed very strong yesterday. Risk appetite rise significantly in global markets in the last trading day of the week which signals a positive opening for BIST as well. 3,600 resistance can be broken up today in BIST100. In the meantime, companies with strong 3Q expectations keep outperforming the index like aviation companies. One of the biggest long only funds keep selling in PGSUS which is limiting the potential upside in the stock due to very strong 3Q expectations and we remain positive for PGSUS.

Company news:

*MPARK TI> bought back 153K shares at an average price of TL55.55 on 13 October 2022. Since 25 May 2022, the total number of shares bought back reached 4.4mn at an average price of TL40.52.

Weekly Agenda:

Oct, 14 Sep Home sales

Oct, 14: Oct CBRT survey of participations