Foreign investors buy $712 million worth Turkish equities

ANKARA

Non-resident investors bought $711.8 million worth of Turkish equities in the week ending Jan. 18, data from the Central Bank showed on Jan. 24.

That came on top of the inflow of $115 million into the equities market in the previous week.

However, there was an outflow of $83.3 million from Turkish equites in the week ending Jan. 4.

Market value of non-resident investors’ holdings of Turkish equities increased to $32 billion as of Jan. 16 from $28.85 billion on Jan. 11.

The market value of non-residents’ holdings of Turkish equities stood at $29.6 billion at the end of 2018.

The Central Bank data also showed that foreign investors continued to sell government debt securities.

The bank reported an outflow of $122 million from government debt securities in the week ending Jan. 18.

That followed a total of $714 million of outflows from the debt securities market in the previous three weeks.

The market value of foreign investors’ holdings of government debt securities was $18 billion as of Jan. 18, up from $17.45 million on Jan. 11, data showed.