Turkey Wake-up call: Macro, Political and Equity News, 31st December
BIST slipped 1.68% yesterday as stocks reversed their morning gains with the selling pressure in the afternoon hours. Banks fared better with an only 0.20% drop in their sector index as YKBNK and GARAN managed to close in positive territory. TOASO, HEKTS, AKSA, ISMEN, VESBE, and ISGYO led the small batch of non-bank gainers in the BIST100 universe while aviation stocks, TCELL, PETKM, BIMAS, EREGL, SISE, KCHOL, ARCLK, and AYGAZ were among the weakest names. Coming to the last day of the year, our local macro agenda showcases November'21 Foreign Trade numbers due at 10AM local time. Bloomberg consensus for monthly deficit at USD5.30bn vs preliminary data released earlier by the Ministry of Customs & Trade that are indicating a USD5.33bn (+5.4% yoy) trade gap for the month (Exports USD21.47bn (+33.4% yoy) // Imports USD26.79bn (+26.7% yoy)). We predict a sideways start for the BIST given mixed signals from global stock markets and some weakness in lira (USDTRY around the 13.36 mark in early trades vs 13.0948 at yesterday's closing bell). Happy new year!
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.