Sports Stocks That Lost the Most in the Third Quarter on Borsa Istanbul Announced

The third-quarter performances of publicly traded sports companies on Borsa Istanbul have been announced. In this period, the sports company that caused the most loss for its investors was Galatasaray Sportif Sınai ve Ticari Yatırımları with a 22.5 percent drop.

Stocks That Lost the Most in the Third Quarter

Looking at the performances of sports companies traded on Borsa Istanbul in the third quarter, the company that caused the highest loss for its investors was recorded as Galatasaray Sportif Sınai ve Ticari Yatırımları with 22.5 percent.

Galatasaray was followed by Fenerbahçe Futbol AŞ with a loss in value of 21.3 percent, while Trabzonspor experienced a drop of 12.1 percent and Beşiktaş of 4.8 percent on the list.

Key Factors Affecting Stock Performance

In evaluations made by analysts, it was emphasized that sporting results in Europe were decisive on the stock performances of sports companies.

In addition, it was stated that sponsorship agreements and pitch results in the Süper Lig were also effective on the stock movements of the companies.

Course of the Sports Index in the First Half of the Year

When examining the performances of sports companies in the first two quarters of the year, it was seen that a negative picture emerged in the first quarter and a positive picture in the second quarter.

While the sports index lost 16 percent in value in the first quarter of the year, it experienced a value gain of 5.3 percent in the second quarter.

Market Values Based on September Close

Among the four publicly traded sports companies, the club with the highest market value was Fenerbahçe, which completed September with a market value of 14.6 billion liras.

Fenerbahçe was followed by Galatasaray with a market value of 10.7 billion liras, Beşiktaş with 6.9 billion liras, and Trabzonspor with 6 billion liras.