Turkey Wake-up call: Macro, Political and Equity News, 17th August
BIST added 0.53% yesterday after a day totally spent in the positive territory as the key banking names seemed to catch some bids. Benchmark BIST100 index tested the 1,462 level around mid-day before gradually trimming its gains till the close. Banks gained 2.05% on average as AKBNK, HALKB, and ISCTR outperformed peers. Aviation stocks, Koza Group names, SAHOL, ENKAI, MPARK, TRGYO, and GOZDE led the non-bank gainers while TOASO, MGROS, FROTO, KRDMD, KORDS, and BRISA were some of the fewer weak spots for the day. Today, we have a muted local macro agenda. We predict a downtick open for the BIST given the weakness in Asian markets and U.S. futures this morning. Lira is flattish since yesterday's closing bell with the USDTRY pair cruising around the 8.4750 mark.
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.
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