There was an outflow of $15mn from government domestic debt securities in the week to April 30 that came on top of a total $1.21bn outflow from debt instruments in the previous three weeks, data of the central bank showed on May 7. The market value of non-residents’ holdings of government debt securities was $41.74bn as of April 30, said the central bank.
The Turkish equity market, on the contrary, saw an inflow of $316mn in the week to April 30 after the bank reported a total of $491mn inflows in the prior two weeks. The central bank calculated the market value of foreign investors’ holdings of Turkish equities at $53.73bn as of April 30.
Last month, the Institute of International Finance (IIF) reported that portfolio flows to emerging markets picked up to $35bn in April, marking the strongest inflows since June 2014. Brazil, Indonesia and India were the top 3 performers this year while Turkey, Thailand and Hungary were the bottom three performers, said the IIF.
|NON-RESIDENTS' HOLDINGS OF EQUITY AND GOVERNMENT DOMESTIC DEBT SECURITIES ($ mn)|
|NET TRANSACTONS (Adjusted for Foreign Exchange and Market Price Effects)|
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