Turkey Wake-up call: Macro, Political and Equity News, 25th March
BIST slipped 0.32% yesterday as morning gains were reversed in afternoon trading, especially due to the pressure on banks that lost 1.87% on average. KCHOL, TOASO, SISE, SASA TTRAK, AKSEN, KARSN, ALKIM, and CIMSA topped the gainers in the BIST100 universe while ISCTR, EKGYO, TTKOM, HEKTS, YKBNK, TKNSA, and DOHOL stood out among the weaker names. Today, our local macro agenda showcases March'22 Manufacturing Capacity Utilization Rate (CUR stood at 76.6% in February'22 and was 74.7% back in March'21) and March'22 Real Sector Confidence index (was at 109.8 in February'22 and had stood at 110.8 back in March'21) both to be released at 10AM local time. We foresee a flattish start with a positive bias for the BIST given mixed signals from abroad. S&P futures are up a few points on top of the 0.4-0.7% overnight gains in main indices after we left while Asian markets are cruising in different directions.
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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