The wave in the stock market turns the head of the investor

Exchange While Istanbul put a very turbulent January behind it with a loss of 9.67 percent, it started February with a sharp depreciation of 5.29 percent. The new short selling rule, which was taken to avoid the recovery and losses seen on Friday in bank shares, which is the locomotive of the rise in the stock market, managed to limit the average weekly loss of the shares to 3.74 percent. . On Friday, especially the recovery seen in Protected Currency Deposits and strong bank balance sheets supported the rise in stocks, making a positive contribution to the BIST 100 index. As of Friday, the short selling increase rule began to automatically applied on depreciation of 3 percent or more on shares.

COMBINED RISKS

It is not known how much this new measure will be enough to dispel the dark clouds in the market, but experts point to the increase in the yield of alternative investment instruments, noting that developments such as the increase in deposit rates, the easing of the limit on the interest of the currency protected deposit, the rise of gold and the appreciation of cryptocurrencies under the leadership of Bitcoin are pushing Borsa Istanbul. . Added to all this, the accumulated pressure on the exchange rate, joint sales, public offerings and uncertainty about the policies to be implemented after the May 14 elections also increase the downside risks in the stock market, while experts they forecast that Borsa Istanbul will continue to underperform the world in the near term.

lost gold and euro

After seeing the low of 4,479 and the high of 5,232 points, the BIST 100 index finished the week at 4,997 points with a decrease of 3.74 percent compared to the previous week’s close. The sale price per gram of the 24-karat gold bar, traded on the Grand Bazaar, fell to 1,141 lira with a depreciation of 2.06 percent this week. Mutual funds lost 1.63% and private pension funds 2.66% this week.