ForInvest Opening Survey Reveals Key Signals for Markets

ForInvest’s latest survey paints a clear picture of local investors’ expectations for the Istanbul Stock Exchange opening.

Anticipated Market Direction at the Open

■58% of respondents expect the BIST 100 to start the morning session on an upward note.

■22% foresee a neutral trajectory, while 20% anticipate a decline.

■The average forecast predicts a 0.4% gain compared with last week’s close, indicating a more optimistic outlook.

Sectoral Trends and Highlighted Symbols

■The Banking sector tops the optimism chart with 68% of votes; Garanti Bank (GARAN) and İş Bank (ISE) lead the pack.

■Energy stocks are expected to gain momentum, with 45% positive sentiment; Petrol Ofisi (PETOF) and Tüpraş (TUPRS) stand out.

■Technology and telecommunications firms show a more cautious stance at 33%, with ASELSAN (ASELS) and Türk Telekom (TTKOM) drawing attention.

Tactical Opening Insights

■Liquidity flow: Intraday trading volume may exceed the previous month’s average by 12%.

■FX rate: A 0.3% depreciation of USD/TRY at the open could bolster export‑oriented equities.

■Foreign capital: An estimated net inflow of $150 million is expected on the first trading day, easing downward pressure on the BIST 100 index.

■Dividend yield: The market’s average dividend yield sits at 5.2%, enhancing appeal for income‑focused portfolios.

This optimism at the market open is underpinned by strong liquidity expectations and foreign capital inflows. Nevertheless, the 20% of respondents forecasting a decline remind us of short‑term volatility risks. Long‑term investors should tilt their portfolios toward dividend champions and firms with robust buyback programs. In this context, Garanti Bank and Petrol Ofisi, both offering high dividend payouts and active share repurchases, present attractive opportunities for investors seeking risk‑adjusted returns.