Turkey Wake-up call: Macro, Political and Equity News, 18th June
BIST dropped 1.20% yesterday, extending its losing streak to the fourth day. It was a day totally spent in the negative territory for the BIST100 index, but more than half of the daily decline was seen in the last 1.5 hours of the session, in sync with the losses in lira. Banks led the market lower with the 2.44% retreat in their sector index. EKGYO, FROTO, SAHOL, AKSEN, ODAS, DEVA, GUBRF, and Koza Group stocks were among the weakest non-banks while aviation stocks, TUPRS, SOKM, MPARK, CCOLA, TKFEN, and ISMEN topped the rare gainers. Coming to the last trading of the week, our local macro agenda is muted and eyes will be on global markets for a sense of direction. We accordingly anticipate a sideways open for the BIST given mixed signals from abroad and stability in lira (USDTRY around the 8.71 mark in early trades).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.