ANALİZ- Market Watch (Şeker Yatırım)
Outlook:
The BIST-100 Index started Thursday positively, fluctuating between 13,680.26 and 14,188.99 points throughout the day. The Benchmark Index experienced a daily loss of 0.67%, closing at 13,872.25 points. The Industrial Index diverged negatively, down 1.45%, while the Banking Index diverged positively, up 2.26%. The Technology Index, in which Aselsan has a 67% weighting, lost 4.43% due to the continued sharp sell-off in the stock, becoming the weakest performer of the day. The strongest performing index was Financial Leasing and Factoring, which gained 2.35%. The VIOP June futures contract for the near-term index rose 0.16% in the evening session. According to CBRT data, in the short week ending May 26, foreign investors made net sales of UD91.1 million in equities and net sales of USD134.5 million in government bonds. Globally, yesterday saw bullish sentiment in equity markets. In Europe, the German DAX Index rose 0.60% and the Euro Stoxx 50 Index gained 0.81%, while in the U.S., the Dow Jones Index gained 1.73% and the S&P 500 Index rose 0.41%. The Nasdaq Index, however, diverged negatively with a limited loss of 0.09%. Geopolitical risk in the Middle East remains on the agenda, and statements from various parties are increasing uncertainty. Recent developments indicate that Hezbollah has rejected the U.S.-led ceasefire initiative in Lebanon, while no concrete progress has been made in talks between Washington and Tehran. Meanwhile, President Trump insists that negotiations are nearing completion. This morning, the spot price of Brent oil is trading calmly below the USD95 level. In the stock market, negative pricing prevails across Asian stock markets, and the U.S. and European futures are also trading negatively. On the macroeconomic data agenda today, the focus of domestic markets is on May inflation data. Market expectations are for a monthly increase of 1.6% and an annual increase of 32.49% for CPI in May. We expect a monthly inflation rate of 1.67% and an annual rate of 32.54%. Globally, attention turns to U.S. non-farm payrolls data for May and Eurozone growth numbers. Market expectations indicate that non-farm payrolls in the U.S. increased by 85,000 in May. Locally, we expect the Benchmark Index to start Friday with a limited negative opening, followed by volatile intraday trading. SUPPORT: 13,750 - 13,650 RESISTANCE: 14,050 - 14,150.
Money Market:
The Lira was negative yesterday, weakening 0.03% against the USD to close the day at a high of 45.9713. The currency also depreciated by 0.24% against a basket of $0.50 and €0.50. Meanwhile, the local fixed income markets were positive. The ten-year benchmark bond was traded within a range of 34.33%-34.64%, ending the day at a low of 34.33%, 49 bps below its previous closing.
Headlines:
On today’s macroeconomic data calendar, domestic inflation figures for May are due out. Market expectations suggest that CPI rose by 1.6% month-on-month and 32.49% year-on-year in May. At Seker Invest, we expect inflation of 1.67% month-on-month and 32.54% year-on-year in May. Our detailed analysis will be published later today.
Company News:
Aksa Energy (AKSEN.TI; OP) has announced completion of the acceptance process by the Ministry of Energy and Natural Resources for the Pamuk Solar Power Plant (SPP) with Storage investment, located in Gaziantep, which has an installed capacity of 40.5-58 MWe and an energy storage capacity of 48,169 MWh, and that the facility has officially commenced commercial operations.
Anadolu Hayat Emeklilik (ANHYT.TI; N/C) has announced that its gross premium production for the period of January 1- May 31, 2026 amounted to a total of TRY 9.64bn, consisting of TRY 9.63bn from life insurance and TRY 1.4mn from non-life insurance.
Aselsan (ASELS.TI; OP) has announced signing contracts with the Presidency of Defence Industries of the Republic of Türkiye for the supply of Radar and Public Security Communication Systems, with a total value of USD 271,454,294. Deliveries under the contracts are scheduled to be carried out between 2026 and 2033. The contract value corresponds to approximately 1.30% of Aselsan’s total order backlog.
Birikim Varlik Yonetim (BRKVY.TI; N/C) has announced that it submitted the highest bid and won the tender for one retail non-performing loan (NPL) portfolio with a total principal amount of TRY 380.7 million in the sale of overdue receivables conducted by Türkiye Is Bank (ISCTR.TI; OP).
Emlak Konut REIT's (EKGYO.TI; N/C) share in the total revenue of the İstanbul Başakşehir Hoşdere 7th Stage Revenue Sharing Model in Return for Land Sale Project (Nezih Park Bahçekent) has been increased from TRY 861,000,000.00 to TRY 1,340,694,873.60 with the additional protocol to the contract being signed with the contractor.
Gelecek Varlik Yonetimi (GLCVY.TI; N/C) has announced that, in the non-performing loan (NPL) sale conducted by Türkiye İş Bank (ISCTR.TI; OP), it has submitted the highest bid and won the tender for 2 mixed portfolios with a total principal amount of TRY 827.5 million, out of the 6 retail and 4 mixed portfolios offered for sale.
Turkish Airlines (THYAO.TI; OP) has announced that its binding offer to acquire a minority stake in Air Europa was accepted by the Company, and that the investment agreement between the parties has been signed. Accordingly, the process of obtaining the necessary permits from the relevant regulatory authorities has commenced. In this regard, Foreign Direct Investment (FDI) approval for the transaction has been authorized by the Government of Spain. Currently, other application processes related to the investment are ongoing, and the transaction is expected to be finalized in 2026. Following technical and financial adjustments at closing, the minority stake to be acquired is expected to be in the range of 25% to 27%.
Türk Altin Isletmeleri (TRALT.TI; N/C) has announced that, following the amendment published in the Official Gazette on 04 June 2026 to the eighth paragraph of Article 32 of Corporate Tax Law No. 5520, the corporate tax rate applied to income generated from production activities has been reduced from 25% to 12.5%, effective from 2027 onward.
Türkiye Sigorta’s (TURSG.TI; N/C) total gross written premiums increased by 31% YoY to TL79.2bn in January-May 2026. On a segment basis, the highest premium production was recorded in the General Losses segment at TL29.0bn, corresponding to a 64% YoY increase. Premium production in the Fire and Natural Disasters segment rose by 24% YoY to TL18.7bn, while the Health segment grew by 5% YoY to TL8.6bn. Motor Own Damage premiums increased by 26% YoY to TL8.2bn, while Motor Third Party Liability premiums rose by 19% YoY to TL6.6bn.
Raporun tamamına buradan ulaşabilirsiniz.
ForInvest Haber
Burada yer alan yatırım bilgi, yorum ve tavsiyeler yatırım danışmanlığı kapsamında değildir. Yatırım danışmanlığı hizmeti, aracı kurumlar, portföy yönetim şirketleri, mevduat kabul etmeyen bankalar ile müşteri arasında imzalanacak yatırım danışmanlığı sözleşmesi çerçevesinde sunulmaktadır. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanların kişisel görüşlerine dayanmaktadır. Bu görüşler mali durumunuz ile risk getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir.
