Foreign investors bet on 20 companies in stock market
The total volume of trade in these 20 companies preferred by 85 percent of the foreign investors on the İMKB was $9.08 billion. The amount of money spent for purchases was $602 million more than the amount earned from sales in July.
Figures provided by the İMKB indicate that foreign portfolio managers were wary of betting on risky investments. Instead they primarily chose the shares of safe companies, including Garanti Bankası, İşbankası C, Yapı Kredi Bankası, Turkcell, Türkiye Halk Bankası, Akbank, Sabancı Holding, Turkish Airlines (THY), Vakıflar Bankası, Koç Holding, Türk Telekom, Tüpraş, Asya Katılım Bankası, Doğan Holding, Ereğli Iron and Steel, BİM Stores, Arçelik, TAV Airport, Enka Construction and Anadolu Efes.
Meanwhile, the volume of transactions conducted by foreign investors in the stock market was up 37 percent in July over the same month last year, reaching $10.67 million. Foreigners spent 40.2 percent more purchasing shares than in July 2009, whereas the amount they earned from the sale of shares rose 33.6 percent in the same period. In July foreign purchases amounted to $5.7 billion while their sales reached $4.98 billion.