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(Bloomberg) As higher deposit rates threaten to stunt the appeal of Turkish stocks for domestic investors, foreign capital inflows could be the market’s best chance to extend its longest rally in more than a quarter of a century.Most Read from BloombergRange Rovers Become Thief-Magnets, Causing Prices to TumbleOwner of the Philippines’ Largest Malls Says China Feud May Hurt BusinessesCiti Shuts Muni Business That Once Was Envy of RivalsUS Approves New Kind of Nuclear Reactor for First Time in ....
Turkey’s lira weakened after Recep Tayyip Erdogan won a presidential runoff election on Sunday, extending his time as the nation’s longest-serving leader and leaving investors looking for any signs he’ll start to relax the state’s tight grip over markets. ....
Turkish Small Caps Race to List as Stock Market Hits Record Bloomberg 2/5/2021 Tugce Ozsoy and Ercan Ersoy (Bloomberg) Turkey’s smaller companies are rushing to tap public markets and cash in on a flood of local retail investors, who have helped push the country’s stocks to new highs. Popular Searches Three companies have filed with the Istanbul exchange recently, targeting initial public offerings this year, including Verusa Holding AS’s construction unit Aldem Celik and Odas Elektrik AS’s coal miner Can Komur. And at least another seven companies said they are considering going public in Turkey in 2021. If all of the listings materialize, it would be Borsa Istanbul’s busiest year for IPOs since 2014, according to data from Turkey’s Capital Markets Board. ....