Morning Note /
Turkey

Turkey: Today we expect a flat opening in BIST

  • Upward trend continues in BIST 100 with higher volatility and higher volume.

  • SASA and HEKTS were the main reason behind BIST 100 Index’s strength in the early trading hours.

  • Daily support and resistance levels are 4,630 and 4,680-4,700 respectively.

ATA Invest
17 November 2022
Published byATA Invest

Upward trend continues in BIST 100 with higher volatility and higher volume. Yesterday strong flow on banking sector shares, SASA and HEKTS were the main reason behind BIST 100 Index’s strength in the early trading hours. However before closing even these shares faced profit taking sales and BIST 100 closed the day almost unchanged. Today we expect a flat opening in BIST and daily support and resistance levels are 4,630 and 4,680-4,700 respectively.

Company news:

*MPARK TI> bought back 42K shares at an average price of TL71.44 on 16 November 2022. Since 25 May 2022, the total number of shares bought back reached 6.5mn at an average price of TL48.20.

Weekly Agenda:

Nov, 17: BRSA Weekly Banking sector data

Nov, 18: October CBRT Survey of participants