Turkey Wake-up call: Macro, Political and Equity News, 11th May
BIST climbed 0.99% yesterday as the strength in some industrials made up for the weakness in major banking names. Banks lagged the broader market with the 0.40% loss for their sector index amid some pressure on the two state lenders and ISCTR. ECILC, QUAGR, DOHOL, SAHOL, SISE, DOAS and EKGYO led the non-bank gainers while PGSUS, CIMSA, MGROS, ENKAI, INDES, and Koza Group names stood out among the decliners in the BIST100 universe. Today, our local macro agenda involves the Treasury's cash budget balance for April'22 to be disclosed at 5:30PM local time. We foresee a slightly positive open for the BIST given the supportive mood in global markets this morning. U.S. futures are up c.0.5% in early trades and Asian bourses are almost all trading in the green.
The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.
The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.
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