Aviation, retail and banking sectors may stand out in the BIST100 in second half 2023

Tourism is expected to have a major impact on the stock market in the second half of the year. It is stated that the aviation sector will also stand out with both the opening of the tourist season and the increased travel after the pandemic. According to analysts, banking and holding shares may also rise with an interest rate decision that will meet market expectations.

After the 100 percent increase in dollar terms in Borsa Istanbul LAST year, BIST continues to be one of the leading investment instruments for the individual investor. While experts point out that the sector indices that will stand out in the BIST in the coming period may vary depending on the interest rate decision to be taken, they note that retail, aviation, holding and banking sectors may stand out in particular.

AVIATION SECTOR WILL COME TO THE FORE DUE TO EXPECTED INCREASE IN TOURISM SECTOR

Regarding the issue, Deputy General Manager of Iş Portföy pointed out that the stock market performed poorly in 2023 and said, “As of June 14, the BIST100 declined by about 25 percent in dollar terms, although it is trading quite close to the peak it saw in 2022 on the basis of TL. We think that the aviation sector will come to the fore due to the expected strong tourism season in the rest of 2023 and the higher level of aviation traffic data compared to 2022.” He said that the second quarter balance sheets in the retail sector might sound positive due to the increase in credit card spending and inflation adding “If the return to Orthodox monetary policies and continuity are ensured, if the interest of foreign investors in Turkey increases, gains may occur in banking, holding and insurance sector shares.”