Morning Note /
Global

Turkey: We are starting this week with sluggish global markets

  • This Thursday the Turkish market will be closed due to a national holiday

  • We expect a flat opening in BIST today where daily resistances lie at 2,435 and 2,445

  • Aviation companies were under selling pressure last week and are likely to see some rebound attempts this week

Zeynep Erman
Zeynep Erman

Equity Research Analyst

Batuhan Ozsahin
ATA Invest
16 May 2022
Published by

We are starting this week with sluggish global markets. This Thursday Turkish market will be closed due to a national holiday.

We expect a flat opening in BIST today where daily resistances lie at 2,435 and 2,445.

Aviation companies were under selling pressure last week and are likely to see some rebound attempts this week.

Macro news:

Industrial Production (IP) declined by 1.8% m/m in Mar’22 (+9.5% y/y). Industrial production increased by 9.5% y/y in Mar’22 (Feb’22:9.6% y/y) Industrial production increased by 9.0% y/y in 1Q22. Seasonally and Calendar Adjusted IP

Company news:

*MAVI TI> will distribute 100% bonus shares and the reference price will be TL 40.25

*LOGO TI > will distribute TL 0.9/share dividend and the reference price will be TL 42.12

Weekly Agenda:

May 16: March Current Account Balance

May 16: 1Q Unemployment rate

May 17: April House sale statistics

May 19: Markets will be closed due to National Holiday

May 20 May consumer confidence index

May 20: BRSA Weekly Banking sector data