Following the unexpected sharp weakness on Tuesday, BIST 100 recovered towards 1,430 levels again. Today we expect a flat opening in the market.
Despite the early election rumors in the market, President Erdogan made once again clear that the elections will be in 2023. Vaccination will be speeding up in June and we remain positive on opening steps in the economy and tourism and reiterate our TOP PICK TAVHL. Daily support and resistance levels are 1,410-1,400 and 1,430-1,440 respectively.
Turkish Wealth Fund new head will be Alparslan Cakar; CEO of Ziraat Bank
ATPTP: Following the CMB approval of the IPO of ATP (ATA Group software company) ATPTP TI book building will start today.
Coca Cola Icecek <CCOLA TI> goes ex-dividend today, paying TL1.97/shr (2.47% div. yield)
May 28: April trade balance (March -USD 4.65bn)
May 28: S&P Turkey Rating Decision