Morning Note /
Turkey

Turkey: We expect the positive trend to continue

  • Turkish equities continued their resilient course helped by stronger Lira as DXY’s weaker trend is also helping

  • The recent strength in Lira has also helped 5-year CDS to decline to after being stagnant around 380-90 range

  • Stick with private banks (Garanti & Yapı Kredi) and stay away from public banks

Batuhan Ozsahin
ATA Invest
2 September 2021
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