Foreign Residents Offload Shares

Foreign investors in Turkey made a net sale of $17.4 million in stocks during the week of November 8, stripping out market price and exchange rate movements. According to the data announced by the Central Bank of the Republic of Turkey (CBRT), net sales of government bonds (DIBS - Direct Purchase) during the same week amounted to $163.8 million.

Net purchases of government bonds (DIBS - Reverse Repo) by foreign investors reached $149.6 million, while regular purchases were $15.2 million. Net purchases of government bonds (DIBS - Collateral) totaled $482.7 million. There were no transactions for government bonds (DIBS - Lending), while net sales of corporate bonds stood at $3.2 million.

Stock data showed that foreign investors’ equity stock market value reached $30 billion 903.7 million. The stock of government bonds (DIBS - Direct Purchase) was $16 billion 396.0 million, the stock of government bonds (DIBS - Reverse Repo) was $2 billion 113.6 million, and the stock of government bonds (DIBS - Collateral) was $7 billion 261.5 million. Exports from sectors outside the general government were reported at $380.6 million.