Morning Note /

Turkey: Staying in defensive names make sense for 2022

  • Despite high intra day volatility, the index ended the day close to its day highs while the banks ended the day flattish

  • President Erdogan mentioned that the new FX-guaranteed scheme has attracted US$5.8bn so far since Dec21

  • 1H22 will be a difficult term for the economy, as CPI is expected to move above 40% in January

Batuhan Ozsahin
ATA Invest
5 January 2022
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