Stock Market Investors Double Profit in the First 9 Months

The first nine months of the year are behind us. In the completed nine months of the year, the BIST 100 Index rose from 1,858 to 3,180, with an increase of 71.18 percent. In the same period, the dollar exchange rate rose 38 percent and gram gold rose 29 percent. Deposit interest was around 12 percent. Those who included stocks in their investments during this period profited from their returns.

Returns of more than 100 percent were recorded in companies included in the BIST 30 Index, which includes the companies with the highest market capitalization. Hektaş rose to 291.06 percent. Turkish Airlines gained 252.65 percent. Pegasus realized a premium of 180.40 percent. Sasa Polyester increased by 158.09 percent and Sabancı Holding by 103.56 percent. High outflows were also recorded in banking stocks, which fluctuated horizontally for many years. İşbank (C) increased 140.84 percent. Yapı ve Kredi Bank recorded an increase of 114.06 percent. Highlighted Developments; The decline in the ounce price of gold to 1,660 dollars, the Dollar Index (DXY) climbing to 114, the fluctuations in the British Pound, and the CBRT's interest rate cut to 12 percent while central banks were raising interest rates on a global basis were among the noteworthy developments in the nine-month period. In addition, one of the most important developments for the stock market was the successive ceilings in bank stocks, especially since July. With the sharp outflows observed, returns of more than 100 percent were realized in the sector shares. However, with the sharp sales that came immediately afterwards, the shares approached the points where they started to climb while experiencing serial bottoms. Expectations; Third quarter balance sheets will be announced during October. With the emergence of nine-month performances, it is considered possible to experience stock and sector-based movements. Selective stock movements in the transportation, energy and food sectors can be expected to stand out. In addition, it will be observed that the balance sheet movements of companies with increasing profitability are strengthening. It is also emphasized that the index has not yet left the horizontal trend. Market capitalization reveals the total value of a company in the market. Market capitalization is usually recorded to determine the size of a company and to compare its financial performance with other companies of various sizes. Institutional investors in particular prefer companies with larger market capitalization when making investments. These companies usually have a long business history and are well-established, making them a safe investment. High market capitalization is a strong brand and recognition. It is the most commonly used criterion for acquisitions. As of September 30, 504 companies are trading on the stock exchange. The total market capitalization of the companies on the stock exchange is around 194 billion dollars. The market capitalization of the companies on the stock exchange had progressed up to 326 billion dollars in May 2013. This level could not be tested again in the past period of time. The market capitalization of companies last reached $249 billion in January 2021. As of September 30, 2022, the market capitalization of BIST 100 companies is 137 billion dollars. The market capitalization of companies included in the BIST 50 Index is 166 billion dollars, while the market capitalization of companies included in the BIST 30 Index is 90 billion dollars. When analyzed on a sector basis, it is observed that the market capitalization of the companies included in the BIST Industrial Index is 74 billion dollars and the market capitalization of the companies included in the BIST Financial Index is 56.2 billion dollars. Companies Over USD 5 Billion Six companies with a market capitalization of over $5 billion: 1 - Sasa Polyester: $8.3 billion 2 - Koç Holding: 6.2 billion dollars 3 - Ford Otosan: 6.2 billion dollars 4 - Enka Construction: 5.5 billion dollars 5 - Eregli Iron and Steel: 5.5 billion dollars 6 - Turkish Airlines: 5.3 billion dollars Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!