Turkey Wake-up call: Macro, Political and Equity News, 13th April
BIST added 0.60% yesterday as Turkish stocks recovered after 3:30PM from their earlier slump. Banks yielded to profit taking with the 0.12% loss for their sector index while the strength in YKBNK made up for most of the losses in peers. SAHOL, THYAO, PGSUS, TUPRS, VESTL, VESBE, AGHOL, AYDEM, ODAS, and MAVI topped the non-bank gainers while TCELL, EKGYO, KCHOL, ISGYO, ISMEN, DOAS, GUBRF, and GOZDE stood out among the weaker BIST100 constituents. Coming to this morning, our local macro and political agenda are muted. We predict a slight positive start for the BIST given a better sentiment for global risk assets this morning. U.S. futures are up c.0.8% in early trades in reversal of the overnight losses after we left 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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