Turkish equities experienced an outflow of $125mn in the week ending September 29, Turkey's central bank said on October 5.

The total equities inflow so far this year tops $3.06bn, in line with the scope of portfolio inflows into the emerging markets universe. Although the Istanbul bourse has experienced several all-time highs this year, it was the worst performing major emerging markets stock market during the month of September, adding to anxieties that Turkey's economy could be running out of steam.

The latest central bank data on Turkish government debt securities, meanwhile, showed an outflow of $15mn last week. There has been an overall inflow of $7.32bn into the debt securities in the year so far.

The Turkish lira remained unchanged on a daily basis against the USD to trade at 3.5709 as of 17:20 local time on October 5 while the BIST-100 was up 0.03% to 104,575 at the close. The benchmark index was up 34% on an annual basis.

The central bank also announced on October 5 that its gross foreign exchange reserves rose for the second consecutive week, moving up from $91.4bn as of September 22 to $91.5bn as of September 29.

The gross FX reserves hit their lowest level this year, at $84.99bn, on April 28 - it was also the worst level recorded since July 2012. They stood at $95.7bn at end-2015 and at $92.05bn by end-2016.

The latest data also showed the central's bank's gold reserves rose for the second week in a row to $20.44bn as of September 29 from $20.41bn as of September 22. The gold reserves stood at $14.05bn at end-2016.

Consequently, total gross international reserves, including gold and FX reserves, rose for the second week in a row to $111.9bn as of September 29 from $111.8bn as of September 22. Gross international reserves fell to $106bn by the end of 2016 from $111bn at the end of 2015.

Domestic households’ FX deposits and funds declined to $165.5bn as of September 29 from $167.5bn as of September 22, the regulator's weekly bulletin also showed on October 5.

The FX holdings were at $145.55bn at end-2016 while they stood at $144.8bn in the week to December 2, when President Recep Tayyip Erdogan made his initial appeal to citizens to "mobilise" and convert FX they held into lira to bolster the country's currency.

NON-RESIDENTS' HOLDINGS OF EQUITY AND GOVERNMENT DOMESTIC DEBT SECURITIES ($ mn)
(Market Value)	29/09/17	22/09/17	15/09/17	08/09/17	31/08/17	25/08/17	18/08/17
STOCK
EQUITY	49,814.70	51,469.50	54,034.80	55,056.10	55,673.70	54,795.20	52,573.90
GDDS (*)	33,825.10	34,640.20	35,217.60	34,804.10	34,924.40	34,365.90	32,874.90
Repo	2,517.60	2,583.20	2,612.60	2,638.80	2,745.00	2,717.40	2,680.00
Private Sector	1,025.60	1,025.90	1,012.70	1,037.30	1,022.80	1,025.70	1,004.10
NET TRANSACTONS (Adjusted for Foreign Exchange and Market Price Effects)
EQUITY	-125.4	70.8	-60.2	-134	132.8	92.7	220.1
GDDS (*)	-15	173.8	724.5	-49.3	104.6	1,242.50	-213
Repo	-21.9	13.3	7.2	-125.7	-2.7	1.3	35.3
Private Sector	-0.3	13.3	-24.6	14.5	-2.9	21.6	4.3
source: tcmb