Rising interest rates and monetary tightening as part of Türkiye’s inflation-fighting program have disappointed investors in Borsa Istanbul. The stock market continues to bleed, unable to gain upward momentum for a long time.
In an article by Naki Bakır from Dünya Gazetesi, the following information was shared:
‘The continuous outflow of investors from the Borsa Istanbul (BIST) stock market has reached five months, with a total decrease of 1.3 million investors during this period. The significant portion of the nearly 700 billion lira contraction in BIST stock portfolios has come from the portfolios managed by the 1,947 fewer “mega” investors.
According to the Central Securities Depository (MKK) custody data, the total number of investors in BIST decreased by 137,492 in October, bringing the total to 7,155,685. Of these, 6,988,549 are domestic investors, while 29,644 are foreign investors. As of October, the number of investors in the BIST stock market has fallen to its lowest level in the last 14 months. The number of investors, which was 6,247,715 in August last year, rose to 7,774,851 in September, and reached a historical peak of 8,555,838 in October.’
The number of BIST stock investors has continued to decline steadily since May. With October included, the total decrease in the number of investors over the last five months has reached 1,310,043, representing a decline of 15.7%. During this period, the number of domestic investors decreased by 1,307,756, or 15.8%, while the number of foreign investors fell by 2,287, or 7.2%.