HSBC Expects Removal of ASTOR and SAHOL from MSCI Turkey Index

HSBC's expectation that ASTOR will be removed from the MSCI Turkey Index could create a mild negative effect in the short term, as it may generate potential passive selling pressure from index funds. However, the news is an 'expectation' and not yet a finalized decision; therefore, the impact is likely to remain limited. Technical indicators are mixed: the price is above the SMA20 but close to the SMA50, the RSI at 53 is in neutral territory, and the MACD is slightly above the signal line, indicating no clear trend direction. Index removal news is typically priced with a short-lived reaction and then digested. For this reason, although I have turned the direction downward, I keep confidence at a medium-low level.

HSBC's expectation that SAHOL will be removed from the MSCI Turkey Index could have a mild negative effect in the short term, as it may signal passive fund outflows. However, index changes are generally priced in beforehand and are not a finalized decision but rather an expectation. Technical indicators are mixed: RSI at 53 is neutral, MACD is slightly below its signal, and the price is trading above the SMA20 and SMA50. Therefore, the bearish signal is not strong; news-driven selling pressure may remain limited. In the short term, a sideways-to-slightly-downward trend appears more likely than a sharp decline.

The headline does not directly involve GOOGL; it reflects expectations that ASTRO and SAHOL will be removed from the MSCI Turkey Index. Consequently, a meaningful short‑term (1–3 day) price impact on GOOGL should not be anticipated. Technical indicators are mixed: the RSI sits at 49, indicating a neutral stance; the MACD is slightly weak below the signal line; the price is just below the 20‑period SMA yet above the 50‑period SMA. Although the last 24 hours saw a 1.47% uptick, momentum remains unclear. The overall trend appears horizontal.

HSBC has no direct relationship with the companies expected to be removed from the MSCI Turkey index, so the impact may remain limited in the short term. RSI and SMA indicators show a slight upward trend, but MACD is below its signal, which creates uncertainty in the short term.