BIST 100 index increased by 22.39 percent in the first quarter of the year – Last Minute Economy News

BIST 100 index increased by 22.39 percent in the first quarter of the year – Last Minute Economy News

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Although the BIST 100 index in Borsa Istanbul completed March at 9,142.40 points with a decrease of 0.56 percent, it surpassed the global share markets by gaining 22.39 percent in value in the first quarter of the year.

In the first quarter of the year, although there was uncertainty about when major central banks around the world would start reducing interest rates, world indices renewed their peaks as expectations that these banks would start reducing policy rates in the rest of the year intensified.

While risk appetite increased in the global equity markets, especially after the 4th quarter financial results of technology companies operating in the field of semiconductor chips and artificial intelligence, which exceeded expectations, US Federal Reserve (Fed) Chairman Jerome Powell’s dovish-toned guidance in the first quarter also influenced the trend. It was one of the supporting factors.

IT WON THE MOST

While the rally that started in the New York Stock Exchange, led by technology companies in the first quarter of the year, moved to the European and Japanese share markets, the historical high levels of the indices were renewed.

Since the beginning of the year, the Nasdaq index in the New York Stock Exchange in the USA has gained 9.11 percent, the S&P 500 index has gained 10.16 percent and the Dow Jones has gained 5.62 percent, while on the European side, the DAX 40 index in Germany has gained 10.39 percent and France has gained 10.39 percent. In Turkey, the CAC 40 index increased by 8.78 percent, the MIB 30 index in Italy increased by 14.49 percent and the FTSE 100 index in the UK increased by 2.84 percent.

During this period, on the Asian side, the Nikkei 225 index in Japan was 20.63 percent, the Sensex index in India was 1.95 percent, the Shanghai composite index in China was 2.23 percent and the Kospi index in South Korea was 3.44 percent. While it increased, the Hang Seng index in Hong Kong lost 2.97 percent.

In the same period, the BIST 100 index rose by 22.39 percent, leaving behind important world indices, and recorded an increase of 11.39 percent in dollar terms.

While all sector indices have increased since the beginning of the year, the biggest gainer was informatics with 67.54 percent. When we look at the main indices, the technology index attracted attention with an increase of 45.31 percent.

During this period, 89 of the stocks included in the BIST 100 index increased, while 11 lost value. The most traded stocks were Turkish Airlines, Ereğli Demir Çelik, Tüpraş, Türkiye İş Bankası (C) and Yapı ve Kredi Bankası.

Among the stocks that increased the most in the first quarter of the year, Mia Technology with 89.34 percent, Vestel with 80.47 percent and Bera Holding with 71.78 percent were in the top three. Qua Granite, Hektaş, 16.17 percent and Kayseri Sugar Factory, decreased 11.83 percent, which upset investors.

DOLLAR BASED LOSS IN MARCH: 4.08 PERCENT

Domestically, it was observed that the uncertainty that increased in March with the approach of local elections reduced the risk appetite and differentiated negatively from the global share markets, and the banking index gained 9.21 percent.

BIST 100 index followed a fluctuating course in the said period and completed the month at 9,142.40 points with a decrease of 0.56 percent. When analyzed on a dollar basis in the same period, the index lost 4.08 percent of its value and reached 282.34 points.

During this period, the performance of European stock markets attracted attention among global stock markets, while the MIB 30 index in Italy ranked first with an increase of 6.67 percent. In the region, it was followed by the DAX 40 index in Germany with 4.61 percent, the FTSE 100 index in the UK with 4.23 percent and the CAC 40 index in France with a gain of 3.51 percent.

On the US side, the Nasdaq index in the New York Stock Exchange increased by 1.79 percent, the S&P 500 index increased by 3.10 percent and the Dow Jones index increased by 2.08 percent, while in Asia, the Kospi index increased by 3.95 percent in South Korea and Japan. The Nikkei 225 index rose 3.07 percent, the Shanghai composite index in China rose 0.86 percent, the Sensex index in India rose 1.59 percent and the Hang Seng index in Hong Kong rose 0.18 percent.

BANKING PROVIDED THE MOST PROFIT IN MARCH

In the third month of the year, banking was the sector that gained the most at Borsa Istanbul with an increase of 9.21 percent, while the holding index increased by 0.19 percent. Among the sector indices, the biggest loser was sports with 18.22 percent.

In March, 35 of the stocks included in the BIST 100 index increased, while 65 lost value. The most traded stocks during this period were Turkish Airlines, Ereğli Demir Çelik, Yapı ve Kredi Bankası, Tüpraş and Türkiye İş Bankası (C).

In the same period, among the stocks that increased the most, Akbank gained 20.65 percent, Konya Çimento gained 19.91 percent and Doğuş Otomotiv gained 19.89 percent, making investors happy. Among the stocks that decreased the most were Kocaer Çelik with 24.71 percent, Astor Enerji with 20.83 percent and Kaleseramik with 18.19 percent.

CDS CLOSED OVER THE PREVIOUS MONTH

While Turkey’s 5-year credit risk premium (CDS) followed a fluctuating course in March, its monthly closing was at 310 basis points, just above the previous month.

On the other hand, according to the Risk Tendency Index (REKS) data created by the Central Registry Agency (MKK) to measure risk appetite, as of March 29, the risk appetite of foreign investors was 63.5 and the risk appetite of domestic investors was 61.9, while the risk appetite of all investors was 55. It became .4.

A REKS level above 50 indicates that the risk appetite is high, below this level it is interpreted as a low risk appetite.

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