Foreign investors made a strong entry into the Turkish stock exchange in March, purchasing $216 million worth of stocks, following a $108 million sell-off the previous week.
Foreign Investors Shift from Bonds to Stocks
During the week ending on March 7, foreign investors made a net stock purchase of $216.3 million, according to data from the Central Bank of the Republic of Türkiye (CBRT). However, in the same period, they sold $159.4 million worth of government debt securities (DİBS), marking a shift in investment strategy after buying $53.5 million worth of bonds the week before.
Breakdown of Foreign Transactions
- DİBS (Reverse Repo) sales amounted to $21.4 million.
- DİBS (Collateral) sales totaled $169.3 million.
- No transactions were recorded in DİBS (Lending).
- Corporate debt securities purchases reached $11.4 million.
As of March 7, the market value of foreign investors’ stock holdings stood at $34.55 billion, while:
- DİBS (Outright Purchase) holdings amounted to $19.62 billion.
- DİBS (Reverse Repo) holdings were $1.76 billion.
- DİBS (Collateral) holdings totaled $10.41 billion.
- Non-public sector debt issuances reached $740.1 million.
This significant increase in stock purchases signals a renewed interest from foreign investors in the Turkish market, while their exit from bond investments indicates strategic portfolio adjustments.
Source: Bloomberght/ Prepared by: İlayda Gök