Foreign Investors Buy $247.7M in Turkish Stocks, Sell $305M in Government Bonds

In the week ending June 27, non-resident investors made a net purchase of $247.7 million in Turkish stocks, adjusted for exchange rate and market price effects, according to data from the Central Bank of the Republic of Türkiye (CBRT).

Meanwhile, foreigners sold $305.1 million in government domestic bonds (DİBS – outright purchases), indicating a shift away from Turkish sovereign debt during the same period.

Breakdown of DİBS Transactions

• Outright bond sales (DİBS – Kesin Alım): -$305.1M

• Reverse repo bond sales (DİBS – Ters Repo): -$112.7M

• Collateralized bond purchases (DİBS – Teminat): +$799.7M

• Securities lending (DİBS – Ödünç): No activity

• Corporate debt securities (non-general government): +$110.5M net purchases

Equity and Bond Holdings Overview

As of June 27, the market value of foreign holdings was as follows:

• Equities: $28.64 billion

• DİBS (outright): $11.90 billion

• DİBS (reverse repo): $1.56 billion

• DİBS (collateralized): $3.72 billion

• Corporate bonds (excluding general government): $777.6 million

The data highlights a growing preference among foreign investors for equities and collateralized bond instruments, while reducing exposure to outright sovereign debt, potentially reflecting short-term risk management or portfolio rebalancing strategies.