Foreign investors’ purchases reached $2.23B in 2014
by Daily Sabah with AA
ISTANBULJan 08, 2015 - 12:00 am GMT+3
by Daily Sabah with AA
Jan 08, 2015 12:00 am
Despite net sales by foreign investors of their assets traded on Borsa Istanbul (Istanbul Stock Exchange Market BIST-100), reaching $108 million in December, the net purchases of foreign investors reached $2.23 billion in total in 2014. According to data announced by Borsa Istanbul, while there was a high purchasing trend in October, with purchases equaling $583 million, and November, with purchases equaling $628 million, investors started selling in December. Analysts note that the BIST 100 index fluctuates in parallel with transactions by foreign investors, and that the index increased by around 15 percent in October and November, in parallel with trends by foreign investors, and when foreign investors started selling their bonds, the index dropped by 0.52 percent. The share certificates of Turkish Airlines were the top shares purchased by foreign investors in August, September and October, but came third on the list of shares purchased by foreign investors in December. Foreign investors preferred purchasing shares of İş Bank the most in December, with net purchases reaching $123.7 million, while Net Holding's shares followed, with purchases equaling $74.2 million, and Turkish Airlines' shares worth $59.5 million. Ülker Bisküvi's net share sales to foreign investors were $55.7 million, while foreign investors purchased $37.2 million of Turkcell shares December. The most sold shares by foreign investors in December were share certificates of Halkbank, Yapı Kredi, Sabancı Holding, Garanti Bank and Tekfen Holding.
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