Pricing of Risks and Sectoral Reactions in Borsa Istanbul
In Borsa Istanbul, where market risks are gradually starting to be digested, major sectors and stocks are standing out with recovery buying.
Onur Can Bal, Deputy Director of Investment Advisory at Gedik Yatırım, stated that risks are gradually being priced in at Borsa Istanbul and recovery movements have begun in major sectors.
Signals of Recovery in the Market
Pointing out that buying came after the opening in the index, Bal stated that the number of companies experiencing declines has decreased while the number of rising stocks has increased. This picture was evaluated as a sign that the market has begun to digest the recent developments.
Sectoral Activity
It was stated that a more positive trend has been observed in major sectors such as banking, holding companies, and aviation over the past two days. However, it was expressed that fund-driven selling pressure continues in some stocks.
Impact of Fund Outflows
It was noted that the conversion into cash of stocks in the portfolios of funds that have been decided to be liquidated creates pressure. It was emphasized that this situation could create volatility for some time, particularly in heavily carried stocks.
Supportive Elements and Expectations
It was voiced that the decline in oil prices and the Central Bank of the Republic of Turkey's interest rate cut process could create a supportive environment for major stocks. It was projected that the banking, holding, aviation, and telecommunication sectors could exhibit stronger performance in the medium term.