Central Bank reports USD 150mn inflows in Turkish equities.

By bne IntelliNews February 20, 2014

Non-residents’ holdings of Turkish equities rose by USD 150.6mn to USD 48.33bn in the week to February 14 that followed a USD 57.1mn outflows in the previous week, data of the Central Bank showed.

Foreign investors’ bond holdings also increased by USD 230mn over the same period to USD 48.1bn after they fell by a sharp USD 1.2bn week ago. Foreign investors’ bond and equity holdings stood at USD 52.7bn and USD 49.4bn respectively at the end of 2013.

Earlier this week Deputy PM Ali Babacan said foreign inflows into Turkey’s forex market amounted to USD 3.9bn between January 27 and February 13.

Latest current account data of the Central Bank show that FDI inflows fell to USD 9.58bn last year from USD 9.15bn in the previous year. Portfolio inflows declined to USD 23.74bn from USD 40.79bn while inflows into Turkish equities fell sharply to USD 841mn last year from USD 6.27bn in 2012.

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