Daily Bulletin

Good morning. The rebound in global markets that was effective yesterday continues this morning. On the other hand, Borsa Istanbul remained weak under the shadow of domestic political developments yesterday. However, after declining to as low as 9600 during the day, the index recovered with intraday buying and closed around 9720. What stands out is that, despite this high volatility, the session ended with a net capital inflow of approximately 1.4 billion TRY at the institutional level. The 12-month target range for the BIST 100 index has started to concentrate around 14,500 – 15,000, offering an index-wide potential of nearly 50%. Stocks expected to outperform the index are estimated to have even higher return potentials. The global stress caused by Trump’s policies in the U.S., domestic uncertainties regarding the disinflation process, and internal political developments continue to weigh on the index. However, if these risks ease, we expect a significant momentum gain in Borsa Istanbul. Therefore, we believe the current period of weakness presents an “accumulation opportunity” for investors with strong capital and long-term investment strategies. Today's agenda includes the CBRT’s reserve data announcement and foreign investors’ securities transactions for the week ending January 31. The importance of this data has increased since foreign investors made their highest equity purchases in the last nine months, totaling $345 million, during the week of January 21–24. Meanwhile, Turkey’s 5-year CDS premiums start the day at 254 basis points.