Maximum Monthly Profit of 11 Years in the Stock Exchange
Maximum Monthly Profit of 11 Years in the Stock Exchange – The highest yield of 11 years in Turkish lira was provided by the BIST 100 index in November. A similar table was recorded in the return of the index when considered on a dollar basis.
Many developments took place in the domestic and global markets in November. This situation had a big impact on pricing. Major developments that have an impact on pricing; The election process and its results in the USA can be listed as pandemic and closure events in Europe, traces of recovery in Asia, the second wave of the epidemic in the world, and the new economy implementation and normalization steps in the country.
The events that caused the highest monthly return in the last 11 years in Borsa Istanbul in the country; In addition to the CBRT’s interest rate hike, the termination of the asset ratio calculation and the elimination of the loan growth condition regarding the required reserves, market-friendly statements can be counted. Additionally, while these pricing took place, the index revived historical peak levels on a TL basis.
In addition, while the yield in BIST 100 was almost 17 percent in November, the index in dollar terms has decreased by 13 percent since the beginning of the year. It has been noted that returns have also accelerated in global markets.