Turkey Wake-up call: Macro, Political and Equity News, 18th March
BIST extended its recent gains with a 2.14% increase yesterday in a broad-based move that propped up the benchmark index above its 2,050 resistance. Banks lagged the broader market with the 1.42% climb in their sector index amid pressure on GARAN while other private lenders performed visibly better. FROTO, EREGL, KRDMD, KCHOL, TUPRS, DOHOL and TTRAK led the non-bank gainers for the day while INDES, DOAS, ENKAI, and KARSN stood out among the handful of decliners in the BIST100 space. Coming to this morning, our local macro agenda is mostly muted and eyes will again be on global markets for a sense of direction. We predict an uptick start for the BIST given slight gains in the majority of peers. Lira is also stable with the USDTRY cruising around the 14.75 level.
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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