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BIST-100 Continues to Find Support at 50-dma

TURKEY
  • Turkish equity markets have continued to find support at the 50-dma this week, with the level previously holding well through the mid-May weakness.
  • Healthcare and industrials names have been the outperformers in the BIST-100 so far this week, with Turk Hava Yollari (formerly Turkish airlines) a particular index driver.
  • YTD total returns are now just shy of 37% in TRY terms, and 4.4% in USD terms.


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