440 thousand more people went public in a week
The historic increase in the number of investors on the Istanbul Stock Exchange continues.
According to data from the Central Registration Agency (MKK), the number of investors in the stock market amounted to 6 million 75 thousand 325 as of August 22.
In the first 22 days of August alone, the number of investors in the stock market approached one million.
Between August 15 and 22, the increase reached an astronomical level of 440 thousand.
The increase in the number of investors in the stock market since the beginning of the year was 2.3 million.
The value of the investment portfolio on the stock market has increased by about TL 3.1 trillion since the beginning of the year to TL 9.3 trillion.
The number of investors, which numbered 1,203,000 at the end of 2019, increased during the epidemic, more than doubling in about three and a half years.
WHY IS IT INCREASING?
The currency crises experienced in recent years, the depreciation of the TL and high inflation have pushed citizens to seek alternatives to protect their savings. The search has accelerated during the pandemic period.
The deeply negative interest rate policies applied, the very low interest rate on deposits and the restrictions on foreign exchange transactions made the stock market an important place for citizens.
The rapid increase in public offerings in recent years and the high returns of companies that went public in the early period also caused citizens to flock to the stock market to participate in public offerings.
Experts, by contrast, warn about the risks of investing in the council.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
