According to the Financial Market Summary Data for October 2023 announced by the Turkish Capital Markets Association, the stock assets of domestic investors increased by 108.5% in the last year and reached ₺2 trillion 788 billion at the end of October.
In the statement made by the Turkish Capital Markets Association (TSPB), the “Financial Market Summary Data” for October 2023, compiled by the TSPB from the sources of the Central Bank of the Republic of Turkiye (CBRT) and the Central Registry Agency (MKK), was shared.
According to the data, the stock assets of domestic residents (domestic investors), which were ₺1 trillion 337 billion at the end of October last year, increased by 108.5% in one year and reached ₺2 trillion 788 billion at the end of October 2023.
The increase in the stock assets of domestic investors in the first 10 months of this year was 52%.
The data revealed that domestic investors’ stock assets increased on an annual basis, above inflation, but remained slightly below inflation in the 10-month period.
Of the stock assets of domestic investors, which amounted to ₺2 trillion 788 billion at the end of October this year, ₺1 trillion 540 billion belong to individual investors and ₺1 trillion 248 billion belong to corporate investors and legal entities.
Record increase in the number of domestic investors in stocks
Due to the search for real returns and the impact of public offerings, domestic investors’ interest in the stock market increased at record levels in the first 10 months of this year.
The number of investors with a balance in the Borsa Istanbul stock market, which was 3 million 784 thousand at the end of 2022, increased by 4 million 772 thousand (126.1%) in 10 months and reached 8 million 556 thousand at the end of October.
The number of investors (active investors) who trade at least once a month in the stock market, which was 3 million 102 thousand at the end of last year, increased by more than 3.1 million in nine months and rose to 7 million 209 thousand as of the end of September this year.
TL deposits of domestic investors grew by 70% in 10 months
The financial assets of domestic investors, which were ₺13 trillion 248 billion as of the end of October last year, increased by 63% in one year and exceeded ₺21 trillion 558 billion as of the end of October this year. Financial assets of domestic investors grew by 49.4% in the 10 months of this year.
According to the data, the highest growth in the financial assets of domestic investors on an annual basis was experienced in TL deposits, with the impact of the interest rate increase policy followed by the Central Bank after the general elections held in May.
TL deposits of domestic investors increased by 102.7% on an annual basis and by 70.3% in the first 10 months of this year, reaching ₺7 trillion 889.1 billion at the end of October. Foreign currency deposits of domestic investors increased by 24.7% in the last year and reached ₺4 trillion 933 billion at the end of October.
Public Eurobond assets of domestic investors increased by 57.2% to ₺1 trillion 350 billion in the first 10 months, and private Eurobond assets increased by 70.8% to ₺382.8 billion.
Rapid increase in TL deposits and share assets of foreign investors
According to Financial Market Summary Data, the financial assets of non-residents (foreign investors) increased by 125.7% on an annual basis and by 84.1% in the last 10 months, reaching ₺2 trillion 444 billion as of the end of October.
The increase in TL deposits and share assets was significantly effective in this growth in the financial assets of foreign investors. While foreign investors’ TL deposit assets grew by 181.5% on an annual basis, they increased by 125.3% in 10 months and exceeded ₺251.7 billion.
According to TSPB data, the stock assets of foreign investors, which were approximately ₺569 billion as of the end of October 2022, increased by 171% in one year and 102.6% in the last 10 months, reaching ₺1 trillion 541 billion as of the end of October this year.
Foreign investors’ foreign currency deposit accounts increased by 53.3% on an annual basis and by 43% in the last 10 months, exceeding ₺597.7 billion at the end of October this year. Precious metals deposit accounts increased by 126.5% on an annual basis and by 71.2% in the last 10 months, reaching ₺21.2 billion as of the end of October.
Source: AA / Prepared by Irem Yildiz