SAFAKNA TURKEY – The Turkish Capital Markets Association (TSPB), the Central Bank of the Republic of Turkey (TCMB) and the Central Registration Agency (MKK) shared their 2022 Financial Market Summary.
Judging by the TSPB data, the total financial assets of domestic and foreign investors increased by 86.7% in 2022 compared to the previous year and reached 15 trillion 755.3 billion lira. 14 trillion 428 billion lira of said financial assets belong to domestic investors, and it was noted that their assets increased by 86 percent compared to the previous year.
TSPB data showed that the largest contribution to the growth of domestic investors’ financial assets in 2022 was made by the increase in TL’s holdings and deposit assets.
Record share growth in equity capital
The growing interest of domestic investors in capital markets, especially after the epidemic, increased exponentially last year under the influence of a low interest rate policy.
According to TSPB, the number of investors with balances in warehouses, which was 1.2 million at the end of 2019, increased to 2 million in 2020 and to 2 million 355 thousand in 2021. The number of investors with equity balances in 2022 increased by 1.4 million and reached 3 million 783 thousand people.
A record surge in domestic investor interest and a 196.6 percent rise in the BIST 100 index led to a record increase in domestic investor stock holdings in 2022.
Among the total assets of domestic investors, the largest growth was observed in stock assets. Warehouse assets of domestic investors, which in 2021 amounted to 524.7 billion liras, increased by 250 percent by the end of 2022 and reached 1 trillion 836 billion liras. 1 trillion Turkish lira of this amount belongs to individual investors.
TL deposits up 153.2 percent
According to the TSPB Financial Market Summary 2022, the fastest growth in domestic investors’ holdings after equities last year was in TL deposits. As a result of the FX Protected Deposit, the increase in foreign currency deposit accounts remained limited, while Turkish Lira deposits increased significantly.
The deposit assets of domestic investors in Turkish liras, which at the end of 2021 amounted to 1 trillion 829 billion Turkish liras, increased by 153.2 percent to 4 trillion 631 billion Turkish liras at the end of 2022. Deposit accounts of domestic investors in foreign currency, which at the end of 2021 stood at 3 trillion lira, increased at a limited rate of 16.6% and reached 3.6 trillion lira by the end of 2022.
The share of local residents in the capital market has increased
According to the TSPB, the holdings of government debt securities of domestic investors increased by 105.2 percent in 2022 compared to the previous year and reached 3 trillion 67 billion lira.
In 2022, domestic investor government Eurobond assets increased by 68.2 percent compared to the previous year and reached 859 billion lira, while private sector Eurobond assets increased by 31 percent to 224 billion lira.
belong to domestic investors; The share of capital market assets, consisting of shares, asset-backed securities, asset-backed securities, private and government Eurobonds, government domestic debt securities, warrants and certificates, in total financial assets increased by 6 percentage points compared to the previous year and reached 43. percent by the end of 2022.
Shares of foreigners grew by 118.7 percent.
According to the “Financial Market Summary 2022” published by TSPB, the financial assets of foreign investors, which stood at 682.8 billion lira by the end of 2021, increased by 94.4 percent to 1 trillion 328 billion lira by the end of 2022.
Warehouse assets of foreign investors, which stood at 347.7 billion liras at the end of 2021, increased by 118.7 percent to 760.4 billion liras at the end of 2022.
Growth of stock holdings of foreign investors under left. However, the share of foreign investors in the total portfolio of shares over the past year continued to decline. According to the data, the share of foreign investors in the equity portfolio, which was more than 60 percent at the end of 2019, fell to 49 percent at the end of 2020, to 40 percent at the end of 2021, and below 30 percent at the end of 2021. end of 2022.
As of the end of 2022, 29.3 percent of the value of Turkey’s share portfolio, which is 2 trillion 596 billion lira, is owned by foreign investors, and 70.7 percent by domestic investors.
The largest increase in financial assets of foreign investors was observed on deposits in TL. The data showed that foreign investors’ deposits in TL increased by 169% year-on-year to reach TL 111.7 billion at the end of 2022, while their assets in foreign currency deposit accounts increased by 74.4% to TL 418 billion over the same period.
IPO of 40 companies took place
In parallel with the record increase in the number of domestic investors, the interest of companies in public offerings continued. In 2022, 40 companies were offered for sale.
Funds provided by the companies in question from the capital markets through a public offering amounted to 19.3 billion Turkish liras. Thanks to these public offerings, the number of companies listed on the Istanbul Exchange reached 483 as of the end of 2022.
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