Markets Wear Red in Arefe: Negative Trend Dominates Both Stock Market and Dollar/TL!

Borsa Istanbul, which renewed the record by following the sharp movement in the dollar/TL yesterday and rose to 5,740 points, started the new day with a slightly horizontal negative course from 5 thousand 725 points with a decrease of 0,14 percent. EUREN with 1.81 percent, KOZAL with 1.60 percent, KOZAA with 1.06%, while the ones that fell the most at the opening were BRYAT with 2.19 percent, SMRTG with 1.87 percent and ISGYO with 1.22 percent. it happened.

Borsa İstanbul, which will continue to trade until 13:00 today, has repeated a classic trend that it usually does not break with this opening move. Borsa İstanbul, which traditionally lights red candles on eve days, which is the last day before the holidays, started the new day with a light seller following the record of yesterday.

As a matter of fact, it was possible to see some catalysts in the uptrend yesterday. In particular, within the framework of the return to ‘rational’ policies of the new economy administration from Şimşek’s Erkan, the former Minister of Treasury and Finance and the decision makers under the management of the new AK Party Mersin deputy to loosen the facility rates they brought in the past, is one of these catalysts. Şimşek’s management had already signaled that it would take a step back from some decisions that put pressure on the banking sector, by signaling a return to rational policies, from the very first day he took office. The relaxation in the rate securities establishment rates, which was published in the Official Gazette two days ago and brought within the framework of the liraization strategy for banks, was effective in the positive course of banks, especially on the Borsa Istanbul front. In addition, it should be noted that the interest rate hike, which was below expectations, made a positive contribution to the Stock Exchange front. With the interest rates increased from 8.5 percent to 15 percent, the expectation of both foreign and domestic actors was that the interest rates would be reduced to at least 20 percent.

If we look at the dollar/TL front, it is possible to say that the outlook is red there, too. As of 10:10, the dollar/TL parity is trading at the level of 25.80 with a decrease of 0.46%, while the situation in Euro/TL is not much different. The parity, which is especially followed by the exporter, is on the negative side by 0.46 percent in parallel with the dollar/TL and trades at 28.21.

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