MARKET WATCH (SEKER YATIRIM) OUTLOOK: THE BIST 100 INDEX STARTED WEDNESDAY WITH NEGATIVE SENTIMENT AND CONTINUED TO TRADE UNDER SELLING PRESSURE. DURING THE SESSION, THE INDEX DECLINED TO AS LOW AS 12,575.67 POINTS, BUT WITH BUYING INTEREST TOWARD THE CLOSE, IT MANAGED TO RECOUP PART OF ITS INTRADAY LOSSES TO END THE DAY AT 12,728.18 POINTS, DOWN 0.61%. ASELSAN (ASELS.TI), WHICH HAS THE HIGHEST WEIGHTING IN THE BIST 100 INDEX WITH A 10.31% INDEX WEIGHT, CLOSED THE DAY AT ITS LIMIT-DOWN PRICE, LEADING TO A 131.33-POINT INDEX LOSS. HOWEVER, THE POSITIVE CONTRIBUTION FROM BANKING STOCKS, WHICH RALLIED ON EXPECTATIONS OF INTEREST RATE CUTS, HELPED OFFSET PART OF THE INDEX’S LOSSES. AMONG SECTOR INDICES, THE BANKING INDEX STOOD OUT POSITIVELY WITH A GAIN OF 2.39%, WHILE THE INDUSTRIAL INDEX ENDED THE DAY WITH A LOSS OF 0.63%. THE TECHNOLOGY INDEX, IN WHICH ASELSAN ACCOUNTS FOR 78% OF THE INDEX WEIGHT, WAS THE WORST-PERFORMER, DECLINING BY 8.17%. INTERNATIONAL CREDIT RATING AGENCY S&P GLOBAL STATED THAT HIGH NET INTEREST MARGINS ARE EXPECTED TO LEAD TO A MODEST IMPROVEMENT IN THE PROFITABILITY OF TURKISH BANKS IN 2026. ON THE GLOBAL FRONT, PRESIDENT TRUMP, IN HIS SPEECH AT THE ANNUAL MEETING OF THE WORLD ECONOMIC FORUM YESTERDAY, SAID THAT HE DOES NOT FORESEE THE USE OF FORCE AS PART OF EFFORTS TO TAKE CONTROL OF GREENLAND. TRUMP ALSO NOTED THAT A FRAMEWORK FOR A FUTURE AGREEMENT REGARDING THE ISLAND HAS BEEN ESTABLISHED AND WITHDREW HIS TARIFF THREAT AGAINST EUROPE. FOLLOWING TRUMP’S REMARKS, RISK APPETITE REBOUNDED IN US EQUITY MARKETS YESTERDAY, WITH PART OF TUESDAY’S LOSSES BEING RECOVERED. THE DOW JONES INDEX ROSE BY 1.21%, THE S&P 500 INDEX GAINED 1.16%, AND THE NASDAQ INDEX INCREASED BY 1.18%. THE VIOP-30 INDEX GAINED 0.47% IN THE EVENING SESSION, SUPPORTED BY POSITIVE GLOBAL SENTIMENT. AS THE NEW DAY BEGINS, EUROPEAN FUTURES ARE TRADING HIGHER, US FUTURES ARE SLIGHTLY POSITIVE, AND ASIAN EQUITY MARKETS ARE ALSO SHOWING UPWARD MOMENTUM. ON TODAY’S MACROECONOMIC AGENDA, THE KEY DOMESTIC EVENT IS THE CENTRAL BANK OF THE REPUBLIC OF TURKIYE’S (CBRT) FIRST MONETARY POLICY COMMITTEE (MPC) MEETING OF THE YEAR, WITH THE INTEREST RATE DECISION SCHEDULED TO BE ANNOUNCED AT 14:00. MARKET EXPECTATIONS POINT TO A 150BPS POINT CUT IN THE POLICY RATE. AS SEKER YATIRIM, WE ALSO EXPECT A RATE CUT IN LINE WITH MARKET EXPECTATIONS. ABROAD, U.S GDP AND CORE PCE DATA, AS WELL AS THE EUROZONE CONSUMER CONFIDENCE INDEX, STAND OUT. WE EXPECT THE BIST 100 INDEX TO START THURSDAY POSITIVELY, SUPPORTED BY INTEREST RATE CUT EXPECTATIONS AND IMPROVING GLOBAL RISK APPETITE, AND TO DISPLAY A VOLATILE COURSE FOLLOWING THE CBRT’S INTEREST RATE DECISION TO BE ANNOUNCED IN THE AFTERNOON. 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. 22.01.2026 09:33:59