Foreign Investors Buy $102M in Turkish Stocks
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In the week ending May 9, foreign investors recorded a net equity inflow of $102 million into Turkish stocks, while sharply pulling back from Turkish government bonds, according to Central Bank of the Republic of Türkiye (CBRT) data adjusted for exchange rate and market price effects.
The move reflects a divergence in investor sentiment, with growing appetite for Turkish equities but increasing caution in fixed-income markets.
Massive Bond Outflow Offsets Stock Inflows
During the same week, non-resident investors sold a net $933.7 million worth of Government Domestic Debt Securities (DİBS – outright purchases). The significant outflow highlights global fixed-income volatility, and potentially, a strategic rotation toward higher-return assets like equities.
Other activity included:
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$74 million in net DİBS (reverse repo) purchases
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$96.6 million in net DİBS (collateral) sales
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$7.3 million in net sales of non-government sector issuances
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No DİBS (lending) transactions recorded
Stock Levels Remain Stable
As of May 9, foreign investors’ total holdings were as follows:
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Equities (stocks): $28.82 billion
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DİBS (outright): $10.11 billion
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DİBS (reverse repo): $1.60 billion
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DİBS (collateral): $3.64 billion
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Non-government sector bonds: $338.6 million
The data suggests a reallocation rather than a full retreat, as stock exposure continues to hover near multi-month highs, while bond positions are being actively trimmed amid ongoing rate uncertainties and geopolitical shifts.
