Turkish central bank reports $242mn of net portfolio inflows in first week of 2018

Turkish central bank reports $242mn of net portfolio inflows in first week of 2018
By bne IntelliNews January 12, 2018

Turkish equities experienced a slight net inflow of $206mn in the week ending January 5, Turkey's central bank said on January 11.

The total equities inflow in 2017 topped $3.34bn, in line with the scope of portfolio inflows into the emerging markets universe. Consequently, the Istanbul bourse experienced many all-time highs last year.

The latest central bank data on Turkish government debt securities, meanwhile, showed an inflow of $36mn last week. There was an overall inflow of $7.13bn into the debt securities in 2017.

The Turkish lira lost 0.08% d/d against the USD to trade at 3.7750 on January 11 while the BIST-100 was up 0.99% to 114,719. The benchmark Istanbul stock market index was down 0.53% on an annual basis.

The central bank also announced on January 11 that its gross foreign exchange reserves rose to $87.5bn as of January 5 from $84.1bn at end-2017.

Gross FX reserves stood at $92.9bn at end-2015 and at $92.05bn by end-2016.

The latest data also showed the central's bank's gold reserves rose to $24bn as of January 5 from $23.5bn at end-2017. The gold reserves stood at $14.05bn at end-2016.

Consequently, total gross international reserves, including gold and FX reserves, rose to $111.5bn as of January 5 from $107.8bn at end-2017. Gross international reserves fell to $106bn by the end of 2016 from $111bn at the end of 2015.

NON-RESIDENTS' HOLDINGS OF EQUITY AND GOVERNMENT DOMESTIC DEBT SECURITIES ($ mn)
(Market Value) 05/01/18 29/12/17 22/12/17 15/12/17 08/12/17 01/12/17
STOCK            
EQUITY 53,378.90 51,983.70 50,212.20 48,997.50 48,017.80 45,488.00
GDDS (*) 31,724.90 30,961.60 30,511.30 30,694.60 30,205.30 29,043.40
Repo 2,448.60 2,402.50 2,387.20 2,371.70 2,344.80 2,279.00
Private Sector 973.20 958.80 958.00 957.70 937.70 871.10
NET TRANSACTONS (Adjusted for Foreign Exchange and Market Price Effects)
           
EQUITY 205.7 121.8 110.5 8.7 -116.5 70.7
GDDS (*) 35.5 110.7 -286.8 226.2 102.3 -55.00
Repo -0.1 -0.1 1.9 0 0.2 -0.1
Private Sector 14.4 0.8 0.3 20 66.6 -18.3
source: tcmb            

Data

Dismiss