Foreign investor stock sales and bond move
According to weekly data announced by the Central Bank, non-resident investors continued their selling trend in stocks while making a strong purchase in the bond market.
Securities statistics published by the Central Bank of the Republic of Turkey revealed the divergence between stocks and bonds in foreign investors' transactions during the week ending October 9.
Sales in stocks continue
Securities statistics for the week of October 9 announced by the Central Bank of the Republic of Turkey shed light on the activity of non-resident investors in the stock market.
Foreign investors, who had followed a selling-heavy trend in previous periods, continued to sell stocks during the week of October 9.
Latest figures in stocks
According to the shared official data, foreign investors, who disposed of $189.9 million worth of stocks in the previous week of October 2, realized a net stock sale of $248.2 million in the week of October 9.
Preference for purchasing in the bond market
Despite the sales in stocks, the opposite picture emerged in the bond market, and non-residents returned to the net buying side after a long time.
Foreign investors, who had continuously sold bonds for the preceding three weeks, made a striking positional shift by purchasing a net $446 million worth of bonds in the week of October 9.
Bond data from previous weeks
This move by foreign investors on the bond side came after high-amount outflows that occurred in previous weeks.
Non-resident investors had sold $495 million worth of bonds in the immediate previous week, and had sold $404 million worth of bonds in the week of September 25.