Bist / Viop Analysis dated 17.03.2020

The Daily Bulletin prepared for Bist/Viop dated 17.03.22020 is presented in the appendix. THE EFFECTS OF THE VIRUS CONTINUE TO DEEPEN GLOBALLY. The growing concern and panic around the rapid spread of coronavirus throughout the world continued increasingly on the first trading day of the week. Except for the measures taken in the USA with the increase in the speed of the spread of the virus in the USA, Trump said that he could fight the virus for July-August and even longer, and that the US economy was likely to enter recession caused the US stocks to be sold very hard again. Outside the USA, other countries related to coronavirus continue to take serious measures. French President Emmanuel Macron called yesterday not to leave the house to prevent the spread of the coronavirus and announced that stiff travel bans were introduced. He said the army could step in to get sick people to hospitals. Macron said on Tuesday that the measures should continue for at least two weeks. Accordingly, those who do not comply with the prohibitions will be punished. In a statement that it will be announced that a total of 300 billion Euros will be given in order not to be affected by large or small businesses, Macron said that no French company will face the risk of bankruptcy. In England, it is criticized for not taking adequate precautions against coronavirus and following the policy of "social immunity" by spreading the virus. Prime Minister Boris Johnson made a statement Monday, calling on the risk group not to leave the house for 12 weeks. In Spain, which has recently experienced a rapid increase in coronavirus cases, he announced that private hospitals in Spain will be under the control of the general health system of the country. Salvador Illa announced that private hospitals will be under the control of the general healthcare system in the country. It was observed that there was a partial recovery towards the closing, but partial rebounds, and this morning, 3% increases were observed in the US and European futures. The number of coronavirus cases at home was 47 as of yesterday. Within the scope of the latest developments related to the virus, the Ministry of Internal Affairs decided to close many entertainment centers with a decision. As of 00:00, theater, cinema, show center, concert hall, engagement/wedding hall, instrument restaurant/cafe, casino, pub, tavern, coffeehouse, café, cafeteria, country garden, hookah cafe, internet hall are closed for a while. In addition, President Erdogan will head a comprehensive coordination meeting Wednesday to tackle the new type of coronavirus. Erdogan will inform the public about the steps to be taken with the nation-state union after the meeting. In the panic atmosphere, which has increased with the latest developments yesterday, while the very hard sales continue in the indices on a global scale, the VIX index, which shows the level of anxiety in the markets, broke a record by seeing the level of 83.56. At home, it has been observed that the 5-year CDS has reached the highest level with 533 since the currency crisis in 2018. Yesterday, the stock exchange Istanbul XU100 main index reached the lowest level since May 2019, while completing the day at 87.888. Step words on financial incentives from developed countries caused investors to breathe after the toughest sales in the market since 1987. In the US, the S&P 500 closed with a 12% drop the day before, and the futures reached an intermediate upper limit while trading in the morning 3.3% above. In Asia, the picture is more complicated. Japanese Topix is ​​close to 3%, Hong Kong Hang Seng is up 1%, while South Korea's Kospi is down 1.5%. BİST100 The XU100 index completed the first trading day of the week with a decrease of 8.07% at 87.888, while the banking index decreased by 8.30% on the day of the transaction volume of 6.3 billion TL, while the holding index fell by 8.72%. After the FED took another urgent step and reduced the interest rates by 100 basis points, global markets experienced severe depreciation. The index, which has had its share of global depreciation, recorded the strongest decline in recent days. It is observed that there is a serious decrease in transaction volume by reducing the floor-to-ceiling price margin from 20 percent to 10 percent in order to control the sharp declines in the stock market and to calm the markets after the short sale transactions were banned by Borsa İstanbul. In the new day, we will continue to follow the news about the coronavirus closely. The index, which started the week with hard-sales, tested below the 87,000 level on the first trading day of the week. If sales continue in the index, 85,000 and 83,500 support levels will be followed. It is important to ensure a permanent level above 88.000 in the possible upward recovery. The resistance levels we will follow are 90,000 and 92,500. Supports: 87,000 / 85,000 / 83,500 Resistors: 88,000 / 90,000 / 92,500 VIOP 30 INDEX FUTURES CONTRACT Index futures of 30 futures in April finished 103.975, the first trading day of the week, down 9.61%. The April futures index, which continued to decline throughout the past week, started the new week after the FED took another urgent step once again and cut interest rates by 100 basis points. We can see that the ongoing sales wave in global stock markets continued for a while due to the measures taken against the spread of coronavirus, bringing social life to a halt and continuing uncertainty. We will continue to closely monitor the news flow regarding coronavirus on the second trading day of the week and throughout the week. The contract, which started the week with hard-sales, fell to 103.775 on the first trading day of the week. If the sales continue in the contract, 103,000 and 102,500 support levels will be followed. In the upward recovery, it is important to maintain a permanence above 105,500. 106.750 and 107.500 resistance levels that we will follow. Supports: 103,000 / 102,500 / 101,700 Resistors: 105,500 / 106,750 / 107,500 USDTRY FUTURES CONTRACT The USDTRY contract with a maturity in March ended the first trading day of the week, rising 1.71% to 6.4425. As the effects of the virus spreading in the global markets continue, the Federal Open Market Committee has surprisingly cut its funding rate to the range of 0 - 0.25 percent before the planned date. In addition to the FED's interest rate cut, we have seen that the dollar gains value while there is a sharp depreciation in the global stock markets after the announcement of the $ 700 billion asset purchase program. While the number of cases infected with the virus has increased to 18 in our country, we will continue to closely monitor the news about the coronavirus on the new trading day and throughout the week. The March futures USDTRY contract, which continued its upward trend that started in the previous trading week, which continued on the first trading day of the week, tested the 6.45 level. In the new day, we will follow the levels of 6.4000 and 6.3800 in possible retractions in the contract where the upward movement may continue as long as it is above the level of 6.40. Supports: 6.4250 / 6.4000 / 6.6.3800 Resistors: 6.4550 / 6.4770 / 6.4890 OUNCE GOLD FUTURES CONTRACT Gold contract of April futures closed the first trading day of the week with a decrease of 4.16% to 1505. In addition to the sharp decreases experienced in the global markets with the effect of coronavirus, we saw sharp declines in Ounce Gold due to calls for collateral completion. To alleviate the economic impact of the new type of coronavirus (Covid-19) outbreak of the FED, the new week continued at yesterday's depreciation of the contract, which began with the policy expansion of 700 billion dollars, pushing the policy rate to the range of 0-0.25 percent. On the new trading day, we will continue to follow the news flow regarding the coronavirus and watch the possible recovery of the contract, which has lost its hard value. On the first trading day of the week, we saw withdrawals up to $ 1453 in the contract that fell sharply. The contract, which recovered after the sharp decline, had to be sustained over $ 1,500 for the recovery to continue. If the retreat continues, there are 1495 and 1487 support levels. Supports: 1495/1487/1475 Resistors: 1509/1515/1523 SHARE NEWS FROTO: It decided to distribute a 1 billion 94 million TL gross profit share. FROTO: Due to interruptions in production facilities abroad, production was interrupted at our Kocaeli Gölcük Plant between 30.03.2020 - 04.04.2020.