Turkey Wake-up call: Macro, Political and Equity News, 20th July
XBIST added 2.07% yesterday as the supportive sentiment abroad and improved risk appetite continued to prop up Turkish stocks. Benchmark BIST100 index climbed gradually over the day and hopped above the 2,500 mark at the close. Banks fared visibly better with the 3.11% daily ascent in their sector index as ISCTR and YKBNK outperformed peers while the two state lenders fell behind. ENKAI, TCELL, SAHOL, TAVHL, PETKM, HEKTS, CEMTS, GSDHO, and AGHOL led the non-bank gainers in the BIST100 universe while DOAS, AKSEN, AKSA, YATAS, ALARK, and NTHOL stood out among the handful of decliners. Today, our local macro agenda involves July'22 Consumer Confidence Index compiled by TurkStat due at 10AM local time. The index had plunged 6.2% on a sequential basis to a fresh all-time low a month ago to 63.4 in June. We anticipate an uptick start for the BIST as the upbeat mood prevails in peer markets. U.S. futures are up 0.4% in early trades on top of c.0.8% overnight gains after we left and Asian bourses are all trading in the green.
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.