Turkish Capital Markets Association (TSPB) reported that the stock assets of domestic residents, which were ₺2.6 trillion at the end of 2023, increased by 23.4% in the first quarter of this year, reaching ₺3 trillion 210 billion.
“Financial Market Summary” data for March, compiled by TSPB from the sources of the Central Bank of the Republic of Turkiye (CBRT) and the Central Registry Agency (MKK), have been announced.
Accordingly, the stock assets of domestic investors, which were ₺2.6 trillion at the end of 2023, increased by 23.4% in the first quarter of this year, reaching ₺3 trillion 210 billion.
As of the end of March, it was determined that ₺1 trillion 802 billion of the stock assets of domestic investors belonged to individuals, and ₺1 trillion 408 billion belonged to corporate investors and legal entities.
The growth rate of these assets in the last year was 95.1%. There was a rapid growth in the stock assets of foreign investors both on an annual and quarterly basis.
The number of domestic investors reached 8.2 million
Investors’ interest in capital markets increased again in February and March. The number of investors with share balances, which broke a record by reaching 8 million 556 thousand as of the end of October last year, then decreased and fell to 7 million 267 thousand at the end of January this year. With the impact of public offerings, the number of investors with a share balance increased by approximately 950 thousand in the last two months, reaching 8 million 216 thousand at the end of March.
While ₺18.4 billion of funding was provided to companies that went public in the first quarter, ₺10.7 billion of resources were obtained from capital markets through capital increases and secondary public offerings.
Financial assets of domestic investors reached ₺24 trillion 510 billion in the first quarter of this year, an increase of 8.4% compared to the end of last year.
TL deposits of domestic investors, which were ₺8.5 trillion at the end of 2023, decreased by 3.4% in the January-March period, falling to ₺8 trillion 220 billion.
Foreign exchange deposit account (FX deposit) assets of domestic investors reached ₺5 trillion 924 billion, an increase of 14.4% at the end of March, compared to the year-end figure of ₺5 trillion 179 billion.
Government domestic debt securities assets of domestic investors increased by approximately 11% in the first quarter of the year compared to the end of 2023, reaching ₺4 trillion 535 billion.
The highest increase in the financial assets of domestic investors was seen on the private sector eurobond side.
In the first three months of this year, private eurobond assets of domestic investors increased by 38.3% to ₺604 billion, and public eurobond assets increased by 13.1% to ₺1 trillion 663 billion.
Stock assets of foreign investors increased by 194.6% in the last year
Financial assets of non-residents (foreign investors) increased from ₺2 trillion 574 billion, which was the end of 2023 figure, to ₺3 trillion 39 billion, an increase of ₺465 billion, as of the end of March. Financial assets of foreign investors grew by 135.8% on an annual basis (March 2023-March 2024).
Considering the stock assets of foreign investors, it increased by 23.1% in the first three months, reaching ₺1 trillion 917 billion from ₺1 trillion 557 billion, which is the end of 2023 figure. The last year’s growth in the stock assets of foreign investors was 194.6%.
TL deposits of foreign investors, which were ₺289.2 billion as of the end of last year, increased by 17.5% in the first quarter, reaching approximately ₺340 billion.
During the said period, foreign exchange deposit accounts increased by 7.5% and reached ₺672.3 billion. While foreign investors’ precious metal deposit account assets increased by 24.5%, government domestic debt securities assets decreased by 0.7%.
Source: AA / Prepared by Irem Yildiz