The Capital Markets Association of Turkey (TSPB), the Central Bank of the Republic of Turkey (TCMB) and the Central Registry Agency (MKK) announced the Financial Market Summary Data compiled from the sources.
Accordingly, the financial assets of domestic investors increased by 1 trillion 297 billion lira (9 percent) in the first quarter of the year. The financial assets of domestic investors, which were 14 trillion 428 billion liras at the end of 2022, increased to 15 trillion 725 billion liras as of the end of March.
The financial assets of domestic investors have grown by 71 percent in the last year. Financial assets of foreign investors (non-residents) decreased by 39 billion liras (2.9 percent) in the first quarter to 1 trillion 289 billion liras.
According to TSPB data, total financial assets belonging to domestic and foreign investors grew by 8 percent in three months, exceeding TL 17 trillion.
Domestic investors’ TL deposits increased, foreign currency deposit accounts decreased
According to TSPB data, the highest increase in domestic investors’ financial assets in the first quarter was observed in Currency Protected Deposits and TL deposits. TL deposits of domestic investors, which were TL 4 trillion 631 billion as of the end of last year, increased by 23.2 percent to TL 5 trillion 704 billion as of the end of the first quarter. Foreign exchange deposit account (DTH) assets, on the other hand, decreased by 2 percent to 3 trillion 517 billion liras.
Despite the record increase in the number of investors in the said period, the stock holdings of domestic investors decreased with the effect of the decline in Borsa Istanbul due to the earthquake disaster in 11 provinces, the recession in the global economy and the banking crisis. Stock assets of domestic investors, which were 1 trillion 836 billion liras at the end of 2022, decreased by 10.4 percent in the first quarter to 1 trillion 645 billion liras.
TL 858 billion of the stock assets of domestic investors belong to individual investors, while TL 787 billion belongs to institutional investors and legal entities. Equity holdings increased by 153.2 percent year-on-year despite the decline in the first quarter.
Record increase in the number of investors
TSPB data revealed that investors’ interest in capital markets increased exponentially in the first quarter. The number of investors with stock balances increased by 451 thousand in three months, reaching a record level of 4 million 234 thousand. 4.2 million of these investors are domestic individual investors.
The assets of domestic investors in government domestic debt securities increased by 13.2 percent and approached 3.5 trillion liras. Domestic investors’ public eurobond assets (in Turkish lira) increased by 5.6 percent to 907.1 billion liras, while private sector eurobond assets (in Turkish lira) increased by 8.8 percent to 243.7 billion liras.
The share of domestic investors’ capital market assets consisting of stocks, asset-backed securities, asset-backed securities, private and public eurobonds, government domestic debt securities, warrants and certificates in total financial assets has increased from 39.2 percent to 41 percent in the last year. It reached .3.
Decline in financial assets of foreign investors
Financial Market Summary Data of TSPB showed that the financial assets of foreign investors (non-residents) decreased by 39 billion liras (2.9 percent) in the first quarter of this year. The financial assets of foreign investors, which were 1 trillion 328 billion liras at the end of 2022, decreased to 1 trillion 289 billion liras as of the end of March.
Financial assets of foreign investors have grown by 73.9 percent in the last year. In the first quarter of this year, while foreign investors’ TL deposit accounts, foreign currency deposit accounts, precious metal deposit accounts and government domestic debt securities assets increased, their stock assets decreased.
TL deposits of foreign investors, which were TL 111.7 billion by the end of the year, increased by 30.1 percent to TL 145.4 billion as of the end of the first quarter. In the same period, foreign exchange deposit accounts increased by 8.3 percent, precious metal deposit accounts assets increased by 16.5 percent, and government domestic debt securities assets increased by 2.1 percent.
The stock holdings of foreign investors decreased by 14.4% in the first quarter to 650.6 billion liras.
In parallel with the increase in the interest of domestic investors in capital markets, especially in the stock market, the interest of companies in public offerings continued in the first quarter of this year. During this period, 8 companies were offered to the public. As a result of these public offerings, 9.4 billion liras were provided to the companies.
