Turkey: Lira still without any direction

  • Turkish Lira remained flat against major currencies while CDS premium has declined slightly to 435bps

  • According to the latest CBRT data, non-residents have continued to seel their equity holdings at the BIST last week.

  • No life in banking stocks but names like Eregli' SOK, Arcelik' Kardemir are trading strong with strong 1Q expectations.

April 9th, 2021
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