Turkish equities experienced a net inflow of $112mn in the week ending January 26, Turkey's central bank said on February 1.
Total inflows into the Istanbul stock exchange amounted to $173mn since the beginning of 2018. The total equities inflow in 2017 topped $3.34bn, in line with the scope of portfolio inflows into the emerging markets universe. Consequently, Bourse Istanbul experienced many all-time highs last year.
The latest central bank data on Turkish government debt securities, meanwhile, showed a strong inflow of $743mn in the week to January 26.
Total inflows into government debt instruments amounted to $987mn to date this year, the figures also showed. There was an overall inflow of $7.13bn into debt securities in 2017.
The Turkish lira gained 0.23% d/d against the USD to trade at 3.7481 as of 16:00 local time on February 1 while the BIST-100 was up 0.72% to 120,391. The benchmark Istanbul stock market index was up 4.39% on an annual basis.
The central bank also announced on February 1 that its gross foreign exchange reserves rose for the fourth consecutive week, to $91.4bn as of January 26, the highest level seen since December 8, from $89.2bn as of January 19.
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 for the seventh consecutive week to $25.3bn as of January 26, a new record high, from $24.75bn as of January 19. 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 $113.9bn as of January 19 to $116.7bn as of January 26.
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 $207.7bn as of January 26 from $205.1bn as of January 19, central bank data also showed. FX deposits stood at $201.1bn at end-2017.
Residents’ total FX deposits rose to $170.3bn as of January 26 from $167.8bn as of January 19. Residents’ FX deposits stood at $165.3bn as of end-2017.