Foreign investors back to buying on Borsa Istanbul
ISTANBULForeign investors made $100 million worth of net purchase on Borsa Istanbul, Turkey’s stock exchange, in January following a selling spree of $2.5 billion in November and December 2015, according to data gathered by Anadolu Agency.
Istanbul Stock Exchange (BIST) 100 share index gained 2.45 percent value in Turkish Liras as it gained 1.24 percent in U.S. dollars last month. However, this failed to make up the index’s 33 percent annual loss last year.
The Spanish BBVA-controlled Garanti Bank shares topped foreign investor interest with $123 million of purchases last month as Akbank followed with $60.9 million, Emlak Konut GYO with $24.8 million, Turkcell with $15.6 million and Vakıfbank with $13.8 million in January.
Shares in İş Bank saw the largest sale by foreign investors on the stock market last month with $35.2 million.
It was followed by retail chain BİM, Sabancı Holding, Turkish Airlines and Coca-Cola with $18 million, $17.8 million, $14.5 million and $8.7 million respectively.