Morning Note /
Turkey

Extreme volatility continues in Turkish market

  • Short-term foreign investors are scrambling to get out

  • A lot of blue chips stocks like Eregli, Arcelik, Turkcell, KArdemir were limit down

  • The positive Lira trend only helps banks especially Garanti with a 12.20 Lira voluntary buyback

Batuhan Ozsahin
ATA Invest
22 December 2021
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