Turkish equities experienced an inflow of $50mn in the week ending October 6, Turkey's central bank said on October 12.

The total equities inflow so far this year tops $3.11bn, in line with the scope of portfolio inflows into the emerging markets universe. Although the Istanbul bourse has experienced several all-time highs this year, it was the worst performing major emerging markets stock market during the month of September, adding to anxieties that Turkey's economy could be running out of steam.

The latest central bank data on Turkish government debt securities, meanwhile, showed an inflow of $50.1mn last week. There has been an overall inflow of $7.43bn into the debt securities in the year so far.

The Turkish lira lost 0.23% d/d against the USD to trade at 3.6568 as of 16:40 local time on October 12 while the BIST-100 was up 1.26% to 105,127. The benchmark index was up 35% on an annual basis.

The central bank also announced on October 12 that its gross foreign exchange reserves rose for the third consecutive week, moving up to $93.7bn as of October 6, the highest level since January 13, from $91.5bn as of September 29.

The gross FX reserves hit their lowest level this year, at $84.99bn, on April 28 - it was also the worst level recorded since July 2012. They stood at $95.7bn at end-2015 and at $92.05bn by end-2016.

The latest data also showed the central's bank's gold reserves rose for the third week in a row from $20.44bn as of September 29 to $20.68bn as of October 6. The gold reserves stood at $14.05bn at end-2016.

Consequently, total gross international reserves, including gold and FX reserves, rose for the third week in a row from $111.9bn as of September 29 to $114.3bn as of October 6. Gross international reserves fell to $106bn by the end of 2016 from $111bn at the end of 2015.

Domestic households’ FX deposits and funds declined for the second week in a row from $165.5bn as of September 29 to $163.4bn as of October 6, the regulator's weekly bulletin also showed on October 12.

The FX holdings were at $145.55bn at end-2016 while they stood at $144.8bn in the week to December 2, when President Recep Tayyip Erdogan made his initial appeal to citizens to "mobilise" and convert FX they held into lira to bolster the country's currency.

NON-RESIDENTS' HOLDINGS OF EQUITY AND GOVERNMENT DOMESTIC DEBT SECURITIES ($ mn)
(Market Value)	06/10/17	29/09/17	22/09/17	15/09/17	08/09/17	31/08/17
STOCK
EQUITY	50,251.40	49,814.70	51,469.50	54,034.80	55,056.10	55,673.70
GDDS (*)	33,928.80	33,825.10	34,640.20	35,217.60	34,804.10	34,924.40
Repo	2,526.90	2,517.60	2,583.20	2,612.60	2,638.80	2,745.00
Private Sector	1,040.60	1,025.60	1,025.90	1,012.70	1,037.30	1,022.80
NET TRANSACTONS (Adjusted for Foreign Exchange and Market Price Effects)
EQUITY	50	-125.4	70.8	-60.2	-134	132.8
GDDS (*)	50.1	-15	173.8	724.5	-49.3	104.60
Repo	2	-21.9	13.3	7.2	-125.7	-2.7
Private Sector	15	-0.3	13.3	-24.6	14.5	-2.9
source: tcmb