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Foreign Investors Prefer Emlak Konut Shares

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Foreign Investors Prefer Emlak Konut Shares

When the transactions of foreign investors in the month of June are looked at, it can be seen that they preferred the shares of Emlak Konut Gayrimenkul Yatırım Ortaklığı (REIC – Real Estate Investment Company) the most, with a net purchase of 17,8 million dollars.

As with the month of May, the total value of the shares sold by foreign investors in Borsa Istanbul, was higher than the total value of the shares they purchased, in the month of June too.

According to the data announced by Borsa Istanbul, following a series of net purchases by foreign investors in the first 4 months of the year, they moved on to the net sales side in May and June. While the net sales of foreign investors in May was 892 million dollars, this figure was 307 million dollars in June.

Foreign investors, who had made a total net purchase of 1 billion 777 million dollars in the first 4 months of the year, followed this with total net sales of 1 billion 199 million dollars in May and June, reducing the total net purchase figure for this year to 578 million dollars.

However, it was striking that the BIST 100 index of Borsa Istanbul rose by 1,2 percent on a dollar basis, in the month of June, despite the net sales of foreign investors. The index had risen by 24 percent on a dollar basis, in the first four months of the year, when foreigners had made net purchases, but fallen by 13,5 percent (again on a dollar basis) in May, when they had made net sales.

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