The Last 70 Days of the Stock Market: Who Lost?

In the last 70 days of the stock market, six stocks that rose sharply and then fell were analyzed.

It was claimed that the losses of investors who followed the recommendations of Treasury and Finance Minister Nureddin Nebati and invested in the bank reached 70 percent. On August 23, Treasury and Finance Minister Nureddin Nebati said, "There is a balanced course in the exchange rate and other commodities. The return is below inflation. Borsa Istanbul brings the highest return to citizens at the moment. It is very clear where our citizens will be channeled." Minister Nebati stated that 13.6 billion liras (750 million dollars) of foreign investment entered the companies traded on Borsa Istanbul between August 1-18. On September 3, Minister Nebati also made evaluations about the stock market, mentioning the records broken by the stock market and the confidence of investors. Lastly, on September 11, Minister of Treasury and Finance Nureddin Nebati said, "Our capital markets are renewing confidence every day and looking to the future with confidence. Our stock exchange ended the week with the strongest rally of 17 years in dollar terms, ending the week with 3,521.38 points. The BIST 100 index has been breaking record after record for two months. So much so that this rise points to the strongest rally since July 2005." The banking index has lost 36 percent of its value since September 12, upsetting its investors. While the stock market rose suspiciously, Treasury Minister Nebati has yet to make a statement after the fall. Republican People's Party Chairman Kemal Kılıçdaroğlu, on the other hand, stated that he has been following the stock market for the last month and said, "The small investor robbed in the stock market will also be compensated." Speaking at his party's working meeting in Izmir, Kemal Kılıçdaroğlu said, "I will make one last warning. Turkey is witnessing the biggest stock market manipulations in history. Small investors are being robbed. The vaporized money of investors in the market was 5-5.5 billion dollars as of yesterday. The bankruptcies of brokerage houses in the form of collateral deficit amounted to 3-4 billion liras. A CMB official tells Bloomberg, 'There is no systematic risk'. I say it loud and clear, the CMB lies, unfortunately it lies. I warned them before, I said I am watching, I am taking my notes, I am not bluffing." Expert economist Güldem Atabay stated that in such cases, when the public intervenes, those who do these things are banned and punished, but now those who make these manipulations are being saved by share buybacks. She added the following note to her statement: "Those who did these things are actually known, as CHP leader Kılıçdaroğlu said. There is always talk about 'organized work'. However, even though there is talk of teams going all the way to 'Mr. son-in-law', we do not know them completely. What I see is that the capital market has been destroyed, the bond market has been destroyed. They tried to create a rise in the stock market to reflect the most virtual recovery. These things will be done until the elections and the small investor will be crushed. We are in an environment where institutions are being destroyed and the CMB is opening the door to this.'' 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!