Turkey Wake-up call: Macro, Political and Equity News, 16th April
BIST ended 0.10% lower yesterday as morning gains were reversed in the afternoon. Banks led by GARAN visibly outperformed the broader market and gained 2.36% on average. PETKM, EREGL, KRDMD, AEFES, ECILC, and TRGYO led the non-bank gainers while FROTO, SAHOL, KRVGD, KORDS, ISMEN, VESTL, and KOZAL were among the weak spots. Coming to the last trading day of the week, our local macro agenda is mostly muted. We foresee a slight positive open for the BIST given similar moves in Asian markets and small gains in lira (USDTRY below the 8.05 mark in early trades vs 8.0679 at yesterday's closing bell).
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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