Moody’s rating upgrade will support Turkish stock market. BIST 30 stocks now have the potential to see more demand. Although profit sales may occur in short-term movements, the main direction of the index will be upwards.
Moody’s upgraded Turkey’s credit rating by 2 notches from “B3” to “B1” and kept the credit rating outlook as “positive”.
After Moddy’s rating upgrade, 7 stocks in the BIST 30 Index are trending upwards. These stocks are İş Bankası C, Bim Mağazalar, Akbank, Ereğli Demir Çelik, Oyak Cement, Petkim and Enka İnşaat. These stocks have positive daily, weekly, monthly and annual returns. These stocks, which investors have priced positively, should be expected to continue to attract interest after the rating increase.
9 stocks stand out in the BIST 100-30. These stocks are: Anadolu Group Holding, Coca Cola İçecek, TAV Airports, Migros, Vakıflar Bankası, Enerjisa, Tukaş, Akfen GMYO, Europen Endüstri. These stocks also have positive daily, weekly, monthly and annual returns. The sectors that stood out in the last month show the new orientations of investors. These sectors are as follows: BIST Stone, Earth, BIST Food, Beverages, BIST Brokerage Houses Index, BIST Real Estate Y.O., BIST Communication, BIST Trade, BIST Bank. Sectors where investors’ monthly tendencies are strong will attract more attention in the coming days.
