Economy in Turkey: Sharp decline in Istanbul Stock Market scares away investors
With the sharp declines experienced in the last week of the year on the Borsa Istanbul, a significant loss of 435.5 thousand investors was recorded on Monday, December 25th alone. According to the data released by the Central Securities Depository (MKK), the number of equity investors showed a decrease of over 800 thousand people in just one week.
The Central Securities Depository (MKK) reported that the number of equity investors decreased by over 800 thousand people in one week.
According to the investor and account numbers announced by the MKK, the number of equity investors decreased by 833,119 people in the week ending on December 29th compared to the previous week. Thus, the number of equity investors decreased from 8,486,149 to 7,653,030.
During the same week, the value of equity stocks also declined from 10.13 trillion TRY to 10.03 trillion TRY.
WHY IS THE STOCK MARKET DECLINING?
Volatility in the Borsa Istanbul continues, especially in the last quarter, as alternative investment instruments gain strength against the stock market. In the last week of the year, the absence of foreign investors trading on the Borsa Istanbul due to the Christmas holiday served as another factor triggering the decline.
