Bulgaria records EU’s sharpest fuel price rise in May
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Turkish equities experienced a net outflow of $256mn in the week ending March 30, Turkey's central bank said on April 5.
Total outflows from the Istanbul stock exchange have amounted to $421mn 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. As a result, Bourse Istanbul hit many all-time highs last year.
The benchmark BIST-100 index was up 0.36% d/d to 114,388 as of 15:30 local time on April 5. The index stood at 115,333 at the end of 2017.
The latest central bank data on Turkish government debt securities, meanwhile, showed an inflow of $117mn in the week to March 30.
Total inflows into government debt instruments have amounted to $892mn to date this year. There was an overall inflow of $7.13bn into debt securities in 2017.
The Turkish lira (TRY) lost 0.92% d/d to trade at 4.0369 against USD as of 15:30 local time after hitting a new record high of 4.0469.
The central bank also announced on April 5 that its gross foreign exchange reserves declined to $84.7bn as of March 30 from $88.3bn as of March 23.
Gross FX reserves stood at $92.9bn at end-2015, at $92.05bn by end-2016 and $84.1bn at end-2017.
The latest data also showed the central's bank's gold reserves declined to $25.3bn as of March 30 from a record high of $25.72bn as of March 23.
Gold reserves stood at $14.05bn at end-2016 and at $23.5bn at end-2017.
Consequently, total gross international reserves, including gold and FX reserves, declined to $110bn as of March 30 from $114bn as of March 23.
Gross reserves stood at $107.7bn at end-2017. Gross international reserves fell to $106bn by the end of 2016 from $111bn at the end of 2015.
Total FX deposits with Turkish banks declined to $202.6bn as of March 30 from $203.9bn as of March 23, central bank data also showed. FX deposits stood at $201.1bn at end-2017.
Residents’ total FX deposits also declined to $164.7bn as of March 30 from $166.9bn as of March 23. Residents’ FX deposits stood at $165.3bn as of end-2017.
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