Turkish equities got rocked by the tensions between Russia & Ukraine and the BIST-100 index got a circuit breaker 20 minutes before market close as all large caps got circuit breakers when the Russian RTS index was down 7%. The evening session at the futures market also started limit down but recovered before the close. Many single stock short positions were not closed with the sudden close of the market.
Russian RTS futures have recovered 220 points from their lows, hence we could see a rebound back from yesterday's lows. Still need to be very cautious as the news flow from Russia-Ukraine will be dominating the short-term sentiment.
Company news:
*ARCLK TI> bought back 620K shares at an average price of TL53.13 on 18 Jan 2022. Since 02 July 2021, the total number of shares bought back reached 37.7mn at an average price of TL33.95.
*SAHOL TI> bought back 835K shares at an average price of TL15.19 on 18 Jan 2022. Since 09 Nov 2021, the total number of shares bought back reached 14.5mn at an average price of TL14.14.