Turkey Wake-up call: Macro, Political and Equity News, 21st December
BIST climbed 0.64% on Friday, carrying its weekly gains to 2.74%. BIST100 quickly turned north after a wobbly open on Friday morning and tested 1,410 level in the afternoon. Banks outperformed with the 1.16% increase in their sector index as TSKB and AKBNK caught some bids. EKGYO, OTKAR, CIMSA, TAVHL, CLEBI, ISGYO, ENJSA, and ISDMR topped the non-bank gainers while EREGL, AYGAZ, AYGAZ, YATAS, TURSG, and Koza Group names were among the fewer decliners. Coming to start of the new week, our local maro agenda showcases the November'20 Consumer Confidence Index compiled by TurkStat due at 10AM local time. In the revised series, the index had declined 2.2% on a sequential basis to 80.1 in November. BIST seems off to a downtick start as the global risk appetite is hurt by the new strain of the virus leading to tighter travel restrictions in the U.K and Europe. U.S. futures are up a few points while Asian markets are mostly trading lower. Lira is also a tad weaker with USDTRY pair at 7.6850 levels vs 7.6561 at Friday's closing bell.
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.