Turkey Wake-up call: Macro, Political and Equity News, 18th September
BIST added 0,32% yestarday. Index has started with a negative open by USDTRY upside movement and similar to the negative outlook in the global markets. Yet, the losses hav been erased after 5PM and buyers provided a positive close. Banking index remained flattish with +0,04%. While EREGL, ARCLK, AKSEN, AGHOL, HEKTS, PGSUS, DOHOL and DOAS topped the gainers among non-financials while SASA, SOKM, SELEC, VESTL, GUBRF, KRDMD, CCOLA and AEFES stood out as weak spots for the day. Today, our most significant macro agenda will be the expected inflation for next 12 months announced by the Central Bank of Turkey due at 2:30PM local time while we forecast a flattish open for the BIST given the similar outlook for U.S futures.
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