Turkey Wake-up call: Macro, Political and Equity News, 8th June
BIST added 0.99% yesterday as the index found strength to hop above the 1,440 resistance. After an indecisive open, BIST100 quickly turned north to climb to the 1,445-1,450 range where it spent almost all of the session. Banks outperformed with the 1.98% increase in their sector index with GARAN and HALKB leading peers. CCOLA, KOZAL, SAHOL, ASELS, TTKOM, and TKFEN topped the non-bank gainers while FROTO, ODAS, INDES, ISMEN, ZOREN, MPARK, and HEKTS were some of the fewer weak spots. Today, Treasury will reissue 12-month discount bonds and 6-year FRNs and separately offer 10-year CPI-indexed sukuk papers via direct sale in triple domestic borrowing actions today. Domestic redemption is TL23.56bn for the week while the Treasury has already raised TL8.68bn in the double auctions held yesterday. BIST seems headed for a flattish start in absence of major news or triggers in either direction. U.S. futures are almost unchanged while Asian indices are mostly trading in slight negative territory.
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.