Economy in Turkey: Istanbul Stock Market yields highest returns in May

According to the Turkish Statistical Institute (TÜİK), the highest monthly real return in May was achieved by the BIST 100 index when adjusted by the Domestic Producer Price Index (Yİ-ÜFE) and the Consumer Price Index (TÜFE).

May 2024 Real Return Rates for Financial Investment Instruments

The highest monthly real return was recorded by the BIST 100 index, with a return of 6.89% when adjusted by Yİ-ÜFE and 5.44% when adjusted by TÜFE.

Yİ-ÜFE Adjusted Returns

– Term deposit interest (gross): 1.19%
– Government Domestic Debt Securities (GDDS): 0.38%
– Euro: -1.44%
– US Dollar: -2.25%
– Gold bullion: -3.72%

TÜFE Adjusted Returns

– Term deposit interest (gross): 0.19%
– GDDS: 0.99%
– Euro: -2.79%
– US Dollar: -3.58%
– Gold bullion: -5.03%

Real Returns over the Last 3 and 6 Months

– Three-Month Review:
– Highest Real Return: Gold bullion, with 8.75% when adjusted by Yİ-ÜFE and 7.84% when adjusted by TÜFE.
– Most Significant Loss: GDDS, with -5.42% when adjusted by Yİ-ÜFE and -6.21% when adjusted by TÜFE.
– Six-Month Review
– Highest Real Return: BIST 100 index, with 11.70% when adjusted by Yİ-ÜFE and 5.43% when adjusted by TÜFE.
– Most Significant Loss US Dollar, with -5.65% when adjusted by Yİ-ÜFE and -10.95% when adjusted by TÜFE.

Annual Performance of Financial Investment Instruments

– BIST 100 Index
– Yİ-ÜFE Adjusted: 44.44%
– TÜFE Adjusted: 29.81%

– Other Instruments (Yİ-ÜFE Adjusted)

– Gold bullion: 14.76%
– US Dollar: 3.37%
– Euro: 2.82%
– Term deposit interest (gross): -26.08%
– GDDS: -46.01%

– Other Instruments (TÜFE Adjusted)

 – Gold bullion: 3.14%
– US Dollar: -7.10%
– Euro: -7.59%
– Term deposit interest (gross): -33.57%
– GDDS: -51.48%

source: https://www.sozcu.com.tr