Turkey Wake-up call: Macro, Political and Equity News, 18th August
BIST gained 0.44% yesterday as the late afternoon rebound reversed the slight losses during the first half of the day. Banks slightly outperformed with the 0.88% increase for their sector index as YKBNK and ISCTR seemed to catch some bids. KCHOL, TUPRS, ARCLK, TCELL, AKSA, DEVA, and KOZAA topped the non-bank gainers while ENKAI, TAVHL, PGSUS, TRGYO, NETAS, and EGEEN were some of the fewer weak names. We are off to a quiet macro agenda this morning and we anticipate a slight positive open for the BIST given the supportive sentiment abroad. U.S. futures are up a few points and Asian bourses are almost all trading in the green. Lira is flattish with the USDTRY parity hovering around the 8.4350 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.
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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