Turkish equities experienced a net outflow of $305mn in the week ending January 12, Turkey's central bank said on January 18.
Total outflows from Bourse Istanbul amounted to $99mn since the beginning of 2018, its data showed. 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 stock exchange experienced many all-time highs last year.
The latest central bank data on Turkish government debt securities, meanwhile, showed an inflow of $254mn last week.
Total inflows into government debt instruments had reached $289mn so far this year. There was an overall inflow of $7.13bn into the debt securities in 2017.
The Turkish lira gained 0.81% d/d against the USD to trade at 3.7829 as of 17:00 local time on January 18 while the BIST-100 was up 0.69% to 117,394. The benchmark Istanbul stock market index was up 1.88% on an annual basis.
The central bank also announced on January 18 that its gross foreign exchange reserves rose from $87.5bn as of January 5 to $87.6bn as of January 12.
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 rose from $24bn as of January 5 to $24.5bn as of January 12. The 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, rose from $111.5bn as of January 5 to $112.1bn as of January 12.
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 rose to $203bn as of January 12 from $200.5bn as of January 5, the central bank data also showed. FX deposits stood at $201.1bn at end-2017.