Page 27 - TURKRptNov20

7.3 ​Stock market
7.3.1 ​Equity​ market dynamics
The second act of the natural gas play had higher volumes. Turkish officials may have thought to provide market pundits with the opportunity of evaluating it.
The big gas plays has ​provided​some bold hit-and-run opportunities in petrochemical producer Petkim (PETKM), Aygaz (AYGAZ), refiner Tupras (TUPRS), Akenerji (AKENR), Odas Enerji (ODAS) and Zorlu Enerji (ZOREN).
The timing is really important here as the electricity and petroleum stocks jump wildly when Turkish President Recep Tayyip Erdogan declares to all and sundry something along the lines of ‘Take my word for it, boyo, this is a big one’—and then they fall rather wildly.
In September, around before the monetary policy committee assembled, banking stocks moved up starting from early in the week prior to their meeting.
However, the moves seen in the banking stocks were not as sharp and high as those seen in the electricity stocks due to deeper trading boards.
A similar movie turns in banking stocks in the weeks of the monetary policy
27​ TURKEY Country Report​ November 2020 ​ ​www.intellinews.com