General Market Situation on December 30
How is the general market situation going on Wednesday, December 30? Which developments stand out?
Produced in China, 3 million doses of vaccine ordered from Sinovac reached Turkey. Yesterday, the free trade agreement signed between the United Kingdom and Turkey caused an upward movement of the index, which is expected to continue today.
With less than 2 days to the end of the year, the optimistic mood for 2021 remains. Accordingly, the highest levels appear in global stock markets, especially in the US.
If there is no sudden development, it is expected that the direction in Borsa Istanbul will continue to increase with the new year, and the continuation of the reforms mentioned in the monetary policy of the CBRT is expected to continue to increase in the medium term.
The volatility in banking stocks yesterday was reflected in the BIST 100 index as a record close. With the signing of the trade agreement, the energy sector was included in the rally of the banks. On the other hand, the appreciating Turkish lira serves as a support for stock exchanges. The dollar rate, which dropped to the level of 7.32 yesterday, was trading around 7.37 this morning. Following the positive impact of the interest rate increase on the markets, it is estimated that the US dollar and Euro rates will gradually fall from the focus of the agenda in the short term.
Featured Headlines
- - BIST100 was traded at 1.459 points with an increase of 1.42 percent in the Tuesday session, while BIST30 was at 1.614 points with an increase of 1.81 percent. Exchange rates continued to decline in the morning. While the dollar rate dropped to 7.37, the euro rate fell to 9.05. The EUR / USD parity rose to the level of 1.2283. The price of the ounce of gold was also affected by this situation and became 1,881 dollars.
- -The first batch of 3 million doses of the inactive Covid-19 vaccine which was ordered from China by the Ministry of Health reached Ankara.
- The dismissal ban was extended for another two months. According to the decision, the employer's ban on dismissing the employee for a period of 3 months was extended for 2 more months as of January 17, 2021.
- The Dollar Index dropped to its lowest level since April 2018, at 89,721.
- The leaders of the European Union and China will meet today via video conferencing to announce that the investment agreement has been reached after the negotiations that have been going on since 2013.
- -FED (US Federal Reserve) extended the Main Street Lending Program, which is the real sector support program, for 8 days, in the face of increasing applications after the Trump administration ended its urgent credit facility and many other programs.
- -Pfizer and Biontech will supply an additional 100 million doses of vaccine to the European Union. An agreement was made to supply an additional 100 million doses of the vaccine produced against the coronavirus to the European Union. With the agreement, the total amount to be received by the EU will reach 300 million doses.
Company Statements
The statements published by the companies were as follows:
Senkron Security and Communication Systems Inc. (IS: SNKRN): Our Company's Subsidiary Senkron Bina Teknolojileri A.Ş. and HSY YAPI İNŞAAT & AKIN İNŞAAT & KAM İNŞAAT BUSINESS PARTNERSHIP; The commercial contract for Electronic Security Systems, Central Announcement and Multi-Purpose Voice Over, Card Entry Systems, Emergency Exit Systems was signed today (29.12.2020) at a price of 2.800.000 TL + VAT. The duration of the work is 6 months. Scope of work; Engineering, Equipment, Device, Material Supply, Physical and Electrical assemblies and commissioning works are works. In accordance with the contract, an advance payment of 840,000 TL will be made to Senkron Bina Teknolojileri A.Ş.
Esenboga Elektrik Uretim AS (IS: ESEN): As we have stated in our KAP statement dated 04.06.2020, within the scope of Solar Power Plants contracting activities, ESENBOĞA ELEKTRİK ÜRETİM A.Ş. and SAF MENSUCAT SAN. VE TİC. A.S. SOLAR POWER ROOF include turnkey construction including VAT 15,518,596 for Turkish Lira (2,301,472 US dollars) has been signed. ROOF SOLAR POWER PLANT value of the contract is completed and it was accepted by TEDAŞ (Turkey Electricity Distribution Company).
KOZA Gold Operations Inc. (KOZAL): As it is known, our company announced the source of the Karapınar project estimation on the Public Disclosure Platform (KAP) on 28.01.2020 according to the code UMREK and JORC. Feasibility studies regarding the Çanakkale-Karapınar project of our company have been completed. According to the JORC code, it is envisaged that approximately 180,000 ounces (5.6 tons) of gold and 175,000 ounces (5.4 tons) of silver reserves will be added to the total reserve amount of Koza Gold (IS: KOZAL) Enterprises at the end of 2020, after the examination and approval process of independent institutions abroad. Drilling activities continue at full speed to increase the amount of reserves in the field, and production activities are expected to start in the second quarter of 2021. The developments will be shared with the public.
Odaş Electricity Production Industry Trade Inc. (ODAS (IS: ODAS)): The application for transition to the "Registered Capital System" and the Amendment of the Articles of Association for the public offering of the shares of Çan Kömür ve İnşaat A.Ş., a 100% subsidiary of our company was approved by the CMB's letter dated 29.12.2020 and numbered E-29833736-110.03.03-13446 and notified to us today. We continue to work on other steps to be followed within the scope of the public offering processes of our subsidiary.
Turkey Insurance Co. (TURSG (IS: TURSG)): Regarding our material event disclosure made on 16.10.2020 and 20.10.2020, Halk Bankası A.Ş. with a ratio of 16.6667% of the capital of Türk P ve I Sigorta A.Ş. Halk Bankası A.Ş. as a seller regarding the transfer of its shares to our Company through sale. and our Company as a buyer signed a share transfer agreement on 29.12.2020 and the share transfer was completed as of the same date.
Turkey Halk Bankası A.Ş. (HALKB (IS: HALKB)): Türk P ve I Sigorta A.Ş., an affiliate of our Bank. 16,6667's% of our shares representing the transfer of capital to Turkey Sigorta A.Ş., Turkey Insurance Company in his capacity as receiver and our Bank as a seller, signed a share transfer agreement on 29.12.2020 and the share transfers were completed as of the same date.
Ford Automotive Industry Inc. (FROTO (IS: FROTO)): In our Yeniköy Factory located in our Kocaeli campus, production will be suspended from January 4, 2021 to January 18, 2021 due to factory maintenance works and rearrangement of production lines in preparation for new investments. The said production stop is included in our production plans for 2021 and will not affect our production and sales unit forecasts.
USD / TL Rate
USD / TL started the day at 7.3958, while it is trading at 7.3819 levels at the time of writing. The level of 7,3700 can be observed as the first level of support for the exchange.
Support: 7.3700 - 7.3500
Resistance: 7.4000 - 7.4100
Euro / TL Rate
Euro / TL exchange rate started the day at 9.0588, while it is trading at 9.0668 at the time of writing. The exchange rate started the day with the buyers interest and the level of 9.1000 can be seen as the first resistance.
Support: 9,0300 - 9.0000
Resistance: 9,1000 - 9,1200
Euro / Dollar Parity
The Euro / Dollar parity started the day at 1.2250, while it is trading at 1.2285 at the time of writing. 1.2300 level can be observed as the first resistance level in the pair that started the day with buyers.
Gold / Dollar
Gold started the day at 1.879. 1.886 level can be followed as the first resistance for the index.
Support: 1.877 - 1.872
Resistance: 1.886 - 1.891
Brent Oil
Brent oil, which started the day with 51.26 dollars, is trading at 51.30 levels at the time of writing. It is observed that oil has started gradually.
Source:
Investing.com 
