Turkey Wake-up call: Macro, Political and Equity News, 7th January
BIST climbed 1.06% yesterday as the optimism in global markets also lifted Turkish stocks. It was a day of ups and downs although the index spent the entire day in positive territory. Banks outperformed this time with the 3.15% jump in their sector index as heavyweights AKBNK and GARAN led the way. TCELL, ENKAI, OTKAR, BRISA, MPARK, VESTL, DOHOL, AKSEN, and TTRAK topped the non-bank gainers while PETKM, TKFEN, KOZAL, ISGYO, GOZDE, AKCNS, and ENJSA were among the fewer decliners. Today, we have a muted local macro agenda and we will take our cues from international peers for direction. We duly predict a positive start for the BIST given the upbeat sentiment elsewhere and sustained gains in lira. U.S. futures are up over 0.5% in early trades and Asian indices outside of China are almost 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.
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