MARKET WATCH (SEKER YATIRIM) MARKET WATCH – THURSDAY, JANUARY 9, 2025 OUTLOOK: THE BIST100 INDEX STARTED WEDNESDAY FLAT, ATTEMPTED TO RISE DURING THE DAY, YET CLOSED AT 9,890.76 DOWN 0.81%. THE INDUSTRIAL INDEX FELL 1.09% AND THE BANKING INDEX LOST 0.97%. PROFIT SELLING CONTINUES AT THE BIST, HAVING STARTED WITH THE REALIZATION OF INTEREST RATE CUT EXPECTATIONS. WHILE MOMENTUM WEAKENS IN THE SHORT TERM, SELLING PRESSURE IS OBSERVED IN RESISTANCE AREAS. HOWEVER, WE CONTINUE TO THINK THAT SALES WILL REMAIN LIMITED AMID EXPECTATIONS THAT INTEREST RATE CUTS WILL CONTINUE. THEREFORE, POSSIBLE SHARP WITHDRAWALS WILL BE CONSIDERED AS BUYING OPPORTUNITIES. ON THE GLOBAL FRONT, WHILE DECREASING INTEREST RATE CUT EXPECTATIONS CONTINUE TO NEGATIVELY AFFECT RISK APPETITE, THE U.S. AND EUROPEAN STOCK MARKETS CLOSED MIDWEEK WITH A MIXED OUTLOOK. THIS MORNING, ASIAN STOCK MARKETS FOLLOWED A MIXED TREND, WHILE THE U.S. FUTURES FOLLOWED A NEGATIVE TREND AND GERMAN DAX FOLLOWED A POSITIVE ONE. WE EXPECT THE MARKETS TO CONTINUE NAVIGATING BY FORTHCOMING DATA. TODAY, STOCK MARKETS IN THE USA WILL BE CLOSED AS PART OF THE NATIONAL DAY OF MOURNING FOR THE 39TH PRESIDENT, JIMMY CARTER. THE VIOP30 INDEX COMPLETED THE EVENING SESSION UP 0.15%. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START THURSDAY WITH REACTION PURCHASES AND CONTINUE ITS FLUCTUATING COURSE THEREAFTER. SUPPORT: 9,750 - 9,650 RESISTANCE: 9,950 - 10,150. MONEY MARKET: THE LIRA WAS NEGATIVE YESTERDAY, WEAKENING 0.06% AGAINST THE USD TO CLOSE AT 35.3561. THE CURRENCY ALSO APPRECIATED BY 0.28% AGAINST A BASKET OF $0.50 AND €0.50. MEANWHILE, THE LOCAL FIXED INCOME MARKETS WERE POSITIVE. THE TEN-YEAR BENCHMARK BOND YIELD FLUCTUATED BETWEEN A RANGE OF 28.44%-28.67%, CLOSING THE DAY AT 28.45%, DOWN 11 BPS FROM THE PREVIOUS CLOSE. COMPANY NEWS: TURKISH AIRLINES (THYAO.TI OP) HAS RELEASED ITS TRAFFIC FIGURES FOR DECEMBER 2024 WITH A PAX GROWTH OF 5.3% YOY. THE RISE WAS MAINLY DUE TO BOTH INCREASE OF DOMESTIC & INT’L PASSENGER NUMBER WHEN COMPARED TO DECEMBER 2023. THY’S TOTAL PAX IN DECEMBER 2024 WAS AT 6.44MN. MEANWHILE, IN DECEMBER 2024, THE SHARE OF INTERNATIONAL PAX IN TOTAL PAX WAS 67.1%. THE TOTAL LOAD FACTOR ROSE BY 0,8 PP AT 80.7% IN DECEMBER 2024. THE CARRIER’S INTERNATIONAL PAX ROSE BY 6.5% YOY TO 4.3MN IN DECEMBER 2024 DOMESTIC PAX INCREASED BY 3.0% YOY TO 2.12MN IN DECEMBER 2024. THY`S CARGO OPERATIONS VOLUME WAS POSITIVE, UP 3.7% YOY IN DECEMBER 2024. IN 2024, THY’S TOTAL PAX ROSE BY 2.1% TO 85.2MN. MEANWHILE, IN 2024, THE SHARE OF INTERNATIONAL PAX IN TOTAL PAX WAS 64.1%. THE TOTAL LOAD FACTOR SLIGHTLY DECLINED BY 0,4 PP AT 82.2% IN 2024. THE CARRIER’S INTERNATIONAL PAX ROSE BY 2.9% YOY TO 54.6MN IN 2024 DOMESTIC PAX INCREASED BY 0.7% YOY TO 30.6MN IN 2024. THY`S CARGO OPERATIONS VOLUME WAS POSITIVE, UP 20.6% YOY IN 2024 (SLIGHTLY POSITIVE). SEKER YATIRIM MENKUL DEGERLER A.S. WWW.SEKERYATIRIM.COM.TR *** YASAL UYARI BURADA YER ALAN YATIRIM BILGI, YORUM VE TAVSIYELER YATIRIM DANISMANLIGI KAPSAMINDA DEGILDIR.YATIRIM DANISMANLIGI HIZMETI ARACI KURUMLAR, PORTFOY YONETIM SIRKETLERI, MEVDUAT KABUL ETMEYEN BANKALAR ILE MUSTERI ARASINDA IMZALANACAK YATIRIM DANISMANLIGI SOZLESMESI CERCEVESINDE SUNULMAKTADIR.BURADA YER ALAN YORUM VE TAVSIYELER, YORUM VE TAVSIYEDE BULUNANLARIN KISISEL GORUSLERINE DAYANMAKTADIR.BU GORUSLER MALI DURUMUNUZ ILE RISK VE GETIRI TERCIHLERINIZE UYGUN OLMAYABILIR.BU NEDENLE, SADECE BURADA YER ALAN BILGILERE DAYANILARAK YATIRIM KARARI VERILMESI BEKLENTILERINIZE UYGUN SONUCLAR DOGURMAYABILIR. 09.01.2025 09:23:33