Turkey Wake-up call: Macro, Political and Equity News, 21st June
BIST added 0.23% yesterday, as strong gains towards the closing hours reversing the losses in the morning and around mid-day. Banks were weaker with the 0.19% drop in their sector index amid pressure on ISCTR and AKBNK. PGSUS, TKFEN, GENIL, THYAO, ODAS, GUBRF, and MGROS led the non-bank gainers while ISDMR, OYAKC, ISGYO, KRDMD, ISMEN, and EREGL stood out among the decliners in the BIST100 universe. Coming to this morning, our local macro and political agenda are muted, the meeting of the Saudi prince with President Erdogan tomorrow is in the focus of the domestic markets. We foresee a positive start for the BIST given the supportive mood in global peers. S&P futures are up around 1.0% in early trades, and Asian bourses outside of China are mostly trading in the green this morning.
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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