Turkish Capital Markets Association (TSPB) announced the “Financial Market Summary Data” for June 2024.
According to the “Financial Market Summary Data” compiled by TSPB from the Central Bank of the Republic of Turkey (TCMB) and Central Registry Agency (MKK) sources, the stock assets of domestic residents (domestic investors), which were 2 trillion 600 billion lira at the end of 2023, increased by 42.3 percent in the first half of this year and reached 3 trillion 699 billion lira as of June 2024.
The increase in domestic investors’ equity assets was 91.1 percent on an annual basis. TSPB data revealed that the returns offered by equity securities provided domestic investors with a return above inflation both annually and in the first half of this year. As of the end of June 2024, domestic investors’ equity assets, which were 3 trillion 699 billion lira, included 1 trillion 762 billion lira in institutional investors and legal entities, while 1 trillion 937 billion lira belonged to individual investors.
Domestic investors’ private sector Eurobond assets grew by 38 percent in six months
According to data released by TSPB, the financial assets of domestic investors, which were 22 trillion 608 billion liras at the end of 2023, grew by 15.4 percent in six months and rose to 26 trillion 9 billion liras as of the end of June this year. The financial assets of domestic investors increased by 45.2 percent in the year covering the period June 2023-June 2024. According to the “Financial Market Summary” data of the Capital Markets Association of Turkey, the highest growth in the financial assets of domestic investors in the first half of this year was experienced in private Eurobond assets after stocks. In the first half of this year, private Eurobond assets of domestic investors increased by 38.3 percent to 604.5 billion liras, while public Eurobond assets increased by 11.9 percent to 1 trillion 645 billion liras. Local investors’ TL deposits increased by 54 percent annually and 15 percent in the last six months, reaching 9 trillion 772 billion liras at the end of June 2024. Local investors’ foreign exchange deposits increased by 23.2 percent annually and 3.4 percent in the first half of this year, reaching 5 trillion 356 billion liras at the end of June. TSPB data revealed that the increase in local investors’ assets, other than stocks and private Eurobonds, remained below inflation.
Foreign investors’ equity holdings grew by 46 percent in six months
According to the “Financial Market Summary Data” for June 2024 announced by TSPB, the financial assets of foreign residents (foreign investors), which were 2 trillion 574 billion lira at the end of 2023, increased by 44.9 percent in the first half of this year and reached 3 trillion 730 billion lira as of the end of June. The financial assets of foreign investors increased by 135.2 percent in the year covering the period June 2023-June 2024. TSPB data revealed that the growth in all assets of foreign investors, except for foreign exchange deposit accounts, was above inflation in the first half of this year. Foreign investors’ TL deposit assets increased by 44.9 percent in six months to 419 billion lira, while their foreign exchange deposit account assets increased by 3.8 percent in the same period to 649 billion lira. TSPB data revealed that the momentum experienced by foreign investors in their stock assets, which have been declining in recent years due to the monetary policies implemented by the government following last year’s elections, continued to increase in the first half of this year. According to TSPB Summary Data, foreign investors’ stock assets, which were 1 trillion 557 billion liras at the end of 2023, increased by 46 percent in six months to 2 trillion 274 billion liras as of the end of June this year. The increase in foreign investors’ stock assets was 190.2 percent on an annual basis. Foreign investors’ government domestic debt securities assets, which were 77.5 billion liras at the end of last year, increased by 344.8 percent in six months to approximately 345 billion liras as of the end of June 2024, while private sector debt instrument assets increased by a record 688 percent to 13.3 billion liras in the same period.
22 companies went public in the first half of 2024
On the other hand, the “General Outlook of the Turkish Capital Markets” July 2024 Report published by TSPB revealed that companies’ interest in public offerings continues to increase. According to the data compiled by TSPB from Borsa Istanbul, 52 companies went public in 2021, 40 in 2022, and 54 in 2023. According to the data, 22 companies went public in the first six months of this year. These 22 companies raised a total of 46.6 billion TL from the capital markets through their public offerings. TSPB data revealed that 168 companies raised a total of 166.8 billion TL from the capital markets through their public offerings in the 3.5-year period from 2021 to the end of June of this year.
Source: www.dunya.com
