Major loss in the initial public offering index due to investment fund crisis

Following the investment fund crisis, the initial public offering index dropped by 56.30 percent since September 15, falling from 441,947 points to 193,333 points.

Sharp Decline in the Index

While the effects of the investment fund crisis on the stock market continue, the initial public offering index, which includes stocks heavily weighted in fund portfolios, experienced a very sharp loss.

Since September 15, the total drop in the initial public offering index has been 56.30 percent, with the index falling from 441,947.3 points to 193,333 points.

Status of Companies and Stocks

In the index, which contains a total of 57 companies, only 5 stocks managed to stay in positive territory since September 15.

A series of floor limits continues uninterrupted in some of the company stocks that are predominantly held in the portfolios of funds undergoing liquidation.

Losses of Heavily Weighted Stocks

Destek Finans Faktoring, which has the highest weight in the initial public offering index with a 10.69 percent share, drew attention as its stock lost 86.42 percent of its value since September 15.

Gülermak ranked second with an 8.05 percent weight, while the decline rate in this company was recorded at 16.2 percent.

Stocks Limiting the Decline

Despite the general wave of decline, some companies managed to draw attention by decoupling positively.

Akfen İnşaat was among the companies that limited the decline in the market with its 20.08 percent increase.

Newly Publicly Offered Companies

Very sharp declines have also been observed recently in the stocks of companies newly offered to the public in the market.

Kardemir Çelik dropped by 75.26 percent, Şara Enerji by 48.13 percent, and Birleşim Grup Enerji by 86.42 percent.

Additionally, Savur GMYO lost 79.16 percent and Bin Ulaşım Teknolojileri lost 71.3 percent of their value.