Net portfolio outflows from Turkey amount to $2.68bn as of Sept 14

Net portfolio outflows from Turkey amount to $2.68bn as of Sept 14
By bne IntelliNews September 20, 2018

Turkish equities experienced a net outflow of $60mn in the week ending September 14, Turkey's central bank said on September 20.

Total outflows from the Istanbul stock exchange have amounted to $1.31bn since the beginning of 2018. The bourse's total equities inflow in 2017 topped $3.34bn, in line with the scope of portfolio inflows recorded for the emerging markets universe. The Istanbul bourse consequently saw many all-time highs last year.

The market value of shares held by residents fell to $25.25bn as of September 14 from $52bn at end-2017 due to the sharp depreciation in the Turkish lira along with declining stock prices.

The latest central bank data on Turkish government debt securities, meanwhile, showed an outflow of $96mn last week, including a $20mn outflow from the repo market.

Total outflows from government debt instruments have amounted to $876mn to date this year. There was an overall inflow of $7.13bn into debt securities in 2017.

The market value of government domestic debt securities shrank to $13bn as of September 14 from $31bn at end-2017.

The central bank also reported an $8mn inflow into corporate bonds in the week ending September 14 while total outflows from corporate bonds have amounted to $493mn so far this year.

The TRY had gained 0.79% d/d against the USD to trade at 6.20 as of 19:00 local time on September 20 while the Istanbul stock exchange benchmark BIST-100 index was down 0.50% to 96,121 at closing prices on the day. The index was down 17% compared to the end of 2017.

 

 

 

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