Financial assets of domestic investors exceeded TL 15.7 trillion
The financial assets of domestic investors increased by 9% in the first quarter of this year compared to the end of 2022, exceeding TL 15.7 trillion.
The Turkish Capital Markets Association (TSPB), the Central Bank of the Republic of Turkey (TCMB) and the Central Registration Agency (MKK) announced the Financial Market Summary Data compiled from sources.
Consequently, the financial assets of domestic investors increased by 1 trillion 297 billion lira (9 percent) in the first quarter of the year. The financial assets of domestic investors, which amounted to 14 trillion 428 billion lira at the end of 2022, increased to 15 trillion 725 billion lira at the end of March.
DECREASE IN FOREIGN FINANCIAL ASSETS
The financial assets of national investors have grown by 71 percent in the last year.
The financial assets of foreign investors (non-residents) decreased by 39 billion lira (2.9 percent) in the first quarter to 1 trillion 289 billion lira.
According to TSPB data, the total financial assets belonging to domestic and foreign investors grew by 8 percent in three months, exceeding 17 trillion Turkish lira.
ABANDONED LOCAL FX DEPOSIT ACCOUNTS
According to TSPB data, the largest increase in financial assets of domestic investors in the first quarter was observed in currency-protected deposits and TL deposits.
Domestic investors’ TL deposits, which at the end of last year were TL 4.631 billion, rose 23.2 percent to TL 5.704 billion at the end of the first quarter.
Foreign exchange deposit account (DTH) assets, on the other hand, decreased 2 percent to 3 trillion 517 billion lira.
Despite the record increase in the number of investors in the said period, the share holdings of domestic investors decreased as a result of the collapse in Borsa Istanbul due to the earthquake disaster in 11 provinces, the recession in the world economy and the banking crisis. . Domestic investors’ equity assets, which were 1 trillion 836 billion lira at the end of 2022, decreased 10.4 percent in the first quarter to 1 trillion 645 billion lira.
TL 858 billion of domestic investors’ equity assets belong to individual investors, while TL 787 billion belong to institutional investors and legal entities. Share holdings rose 153.2 percent on-year despite falling in the first quarter.
A RECORD INCREASE IN THE NUMBER OF INVESTORS
TSPB data revealed that investor interest in capital markets increased exponentially in the first quarter. The number of investors with a balance of shares increased by 451,000 in three months, reaching a record level of 4,234,000. 4.2 million of these investors are domestic private investors.
Domestic investors’ assets in domestic public debt securities rose 13.2 percent to close to 3.5 trillion lira. Government Eurobond assets of domestic investors (in Turkish lira) increased by 5.6% to 907.1 billion lira, while private sector Eurobond assets (in Turkish lira) increased by 8.8% to 243,700 million lire.
The share of domestic investors’ capital market assets consisting of equities, asset-backed securities, public and private Eurobonds, domestic government debt securities, warrants, and certificates in total financial assets increased from 39.2 percent to 41 percent in the last year It got to .3.
DECREASE IN FOREIGN VARIABLE INCOME ASSETS
Financial Market Summary TSPB data showed that the financial assets of foreign (non-resident) investors decreased by 39 billion lira (2.9 percent) in the first quarter of this year.
The financial assets of foreign investors, which were 1 trillion 328 billion lira at the end of 2022, were reduced to 1 trillion 289 billion lira at the end of March.
The financial assets of foreign investors have grown 73.9 percent in the past year. In the first quarter of this year, while TL deposit accounts, foreign currency deposit accounts, precious metal deposit accounts and domestic government public debt securities increased, its equity assets decreased.
TL deposits from foreign investors, which were TL 111.7 billion at the end of the year, increased by 30.1 percent to TL 145.4 billion at the end of the first quarter. In the same period, foreign exchange deposit accounts increased 8.3 percent, precious metal deposit account assets increased 16.5 percent, and government domestic debt securities assets increased 2. 1 percent.
Foreign investors’ equity holdings fell 14.4% in the first quarter to 650.6 billion lira.
Parallel to the increase in the interest of national investors in the capital markets, especially in the stock market, in the first quarter of this year the interest of companies in public offerings continued. During this period, 8 companies were offered to the public. As a result of these public offerings, 9.4 billion lire was delivered to the companies. (AA)