The shares of sports companies traded on Borsa Istanbul lost to their investors last month.
According to the data compiled by the AA correspondent, the sports index lost 9.8% in February.
Shares of sports companies fell sharply in Borsa Istanbul, where sharp fluctuations were experienced.
While the “Disaster of the Century” caused the volatility in the markets to reach its peak, the transactions in Borsa Istanbul stock and futures markets were suspended from 8 February 2023 to 15 February 2023 due to the Kahramanmaras-centered earthquakes.
Analysts stated that the panic atmosphere came to the fore in the transactions realized after the earthquake and stated that the selling pressure on sports shares continued despite the stabilization trend in the stock market after the measures taken by the Capital Markets Board (SPK).
The Turkish Football Federation (TFF) also postponed all professional and amateur competitions. In February, the shares of Besiktas Football Investments Industry and Trade Inc. decreased by 4.5%.
Galatasaray Sportive Industrial and Trade Investments Inc. lost 6% in the stock market.
Trabzonspor Sportif Investment and Football Management Trade, on the other hand, lost 7.8% to its investors, and Fenerbahce Football Inc. lost 16.4% in the stock market.
Besiktas is the highest earner since the beginning of the year
Looking at the share performance of sports companies since the beginning of the year, the shares of Besiktas and Galatasaray increased, while the shares of Trabzonspor and Fenerbahce decreased.
In the said period, Besiktas gained 27.6%, Galatasaray 11.6%, Trabzonspor’s shares lost 23.2% and Fenerbahce’s shares lost 26.8%.
Analysts stated that after Senol Gunes’s appointment as coach, Besiktas had a generally successful graph in Spor Toto Super League.
Galatasaray, the leader of Spor Toto Super League, shows a successful performance on green fields as well.
Analysts pointed out that Fenerbahce did not make a good start to the stock market this year, and that its investors lost in the first 2 months of the year.
Trabzonspor, which is far from the top of the league, did not make its investors smile in the stock market.
Fenerbahce has the highest market value
While Fenerbahce has the highest market value among the 4 publicly traded sports companies, Fenerbahce completed the last month with a market value of ₺5 billion 280 million 583 thousand.
Fenerbahce was followed by Galatasaray with a market value of ₺4 billion 768 million 200 thousand, Trabzonspor with a market value of ₺1 billion 840 million, and Besiktas with a market value of ₺1 billion 819 million 200 thousand.
Source: AA / Prepared by Irem Yildiz