Borsa Istanbul rises with Capital Markets Board's fund liquidation steps
Following the Capital Markets Board's statements regarding the fund investigation and liquidation plan, the BIST 100 index on Borsa Istanbul recorded an increase in value exceeding 3%.
Comprehensive statements made by the Capital Markets Board regarding the fund investigation and liquidation process were welcomed by the markets, and the BIST 100 index on Borsa Istanbul started the day with a rapid rise, showing an increase of over 3.2%.
The Market Impact of the CMB Statement
The comprehensive statement published by the Capital Markets Board regarding the fund investigation and liquidation process found a positive response in the markets and gave Borsa Istanbul, which had been on a downward trend for days, a sigh of relief.
The liquidation plan announced for the stock market, which has lost approximately 20% since the beginning of the process, was welcomed by investors, and the BIST 100 index started the day with an increase.
Rises Experienced in Indices
With the effect of the liquidation plan, which was felt more pronounced in the BIST 30 index, the BIST 100 index increased by 3.24% by noon, rising up to 12,334 points.
At the same time, the increase rate in BIST 30 found the level of 3.32%, enabling the index to see 15,334 points, and the BIST 100 closed the day with a 2.53% increase.
Market Evaluations of Experts
Gedik Investment Deputy General Manager Onurcan Bal stated that the market responded positively to the liquidation plan and expressed that making payments up to 1 million TL to investors eliminated the confusion.
Perform Fund Manager Altan Aydın emphasized that the steps taken in terms of market functioning and the decisions made regarding principal payments were quite comforting for the market.