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.