Turkey Wake-up call: Macro, Political and Equity News, 8th September
BIST added 0.97% yesterday after a day totally spent in the positive territory. Index opened slightly higher, marking its intraday low, and gradually ascended to a close near the daily peak. Banks again lagged with the 0.37% gain in their sector index. EKGYO, TKFEN, TOASO, TTRAK, FROTO, PETKM, MPARK, INDES, AKSEN, and aviation names topped the non-bank gainers while ARCLK, VESTL, GUBRF, AEFES, DOAS, and BIMAS were among the handful of decliners for the day. Today, our local macro agenda is muted and eyes will be on peer markets as well as lira for a sense of direction. We accordingly foresee a slight positive start for the BIST given small gains in lira (USDTRY below the 7.46 mark vs 7.4647 at yesterday's closing bell) and the c.0.3% increase in U.S. futures.
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.
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