Morning Note /
Turkey

Turkey: We expect a positive opening in BIST 10

  • Global markets are signalling a more positive start today

  • Today’s most important economic release to be followed will be US nonfarm payroll data

  • Profit taking sales and volatility continues in BIST

ATA Invest
2 September 2022
Published byATA Invest

Global markets are signalling a more positive start today. Today’s most important economic release to be followed will be US nonfarm payroll data. Local agenda is quiet. Profit taking sales and volatility continues in BIST. Today we expect a positive opening in BIST 100 towards 3,160 levels. Next resistance levels are 3,185 and 3,200. 3,200 should be broken up to test new high levels in the index.

Company news:

* MPARK TI> bought back 76K shares at an average price of TL40.97 on 1 September 2022. Since 25 May 2022, the total number of shares bought back reached 3.2mn at an average price of TL37.51.

 *SISE TI> bought back 950k shares at an average price of TL23.93 on 01 Sep 2022. Since February, 26 2021, the total number of shares bought back reached 101.2mn at an average price of TL15.10.

 *SAHOL TI> bought back 330K shares at an average price of TL24.90 on 1 September 2022. Since 09 Nov 2021, the total number of shares bought back reached 63.9mn at an average price of TL17.36.

Weekly Agenda:

Sep 2: BRSA weekly banking sector data