Stocks that stood out in unusual 70 days of stock market: Whoever listened to the Minister lost
Experts examined six stocks that had taken a hard rise and then gone down in the last 70-day period on the stock market, which the opposition described as ‘profiteering’ and ‘manipulation’. Those who followed the advice of Treasury and Finance Minister Nureddin Nebati and invested in the bank had losses of up to 70 percent.
Treasury and Finance Minister Nureddin Nebati said on August 23, “There is a balanced course in the exchange rate and other commodities. Its return is below inflation. Borsa Istanbul (Stock Exchange), currently brings the highest returns to citizens. It is very clear where our citizens should be channeled” suggesting stock market investment to citizens.
Nebati had also shared that companies traded on the stock market had received foreign investment worth 13.6 billion liras bbetween 1-18 August and clearly recommended the stock market.
Nebati finally said on September 11, “Our capital markets are renewing confidence every day and looking to the future with confidence. Our stock market left the week behind with the strongest rally in 17 years in dollar terms, ending the week with 3,521.38 points. The BIST 100 index has been freshening up record after record for two months. So much so that this rise marks the strongest rally since July 2005” sort of advertising the stock market again.
