Foreign investors are continuing to liquidate their holdings in Turkish equities and government securities, according to data released by the Central Bank of the Republic of Turkey (TCMB). The sell-off includes shares, government debt securities (DİBS), and foreign currency bonds (ÖST), as non-residents reduce their exposure to the domestic market.
- Equities: Sustained exit from Borsa Istanbul shares.
- DİBS: Reduction in domestic government debt securities.
- ÖST: Declining holdings in foreign currency-denominated government bonds.
Which Assets are Foreign Investors Selling?
Data from the Central Bank of the Republic of Turkey (TCMB) confirms a decline in the stock of assets held by non-residents. According to reports from BloombergHT, the exit from shares is an ongoing process, showing that foreign capital is moving out of the equity market.
The retreat is not limited to stocks. As reported by Ekonomi Dünya, the sell-off extends to government debt securities (DİBS) and foreign currency bonds (ÖST). These instruments are typically used by international investors to hedge against risk or seek yield in emerging markets, and their decline indicates a broader shift in portfolio allocation away from Turkish sovereign and corporate debt.
Profit Taking and Market Exit
The nature of this exit varies by investor. Sözcü Gazetesi reports that some international players have won and left
, suggesting that a portion of the current sell-off is driven by profit-taking. This implies that investors who entered the market at lower valuations are now exiting with gains rather than fleeing due to sudden losses.
How Portfolio Shifts are Impacting Stocks
While the general trend is a net exit, the impact is not uniform across all companies. Borsa Gündem is tracking the specific shares that are increasing or decreasing within foreign portfolios. This indicates a selective approach where some foreign investors may be swapping positions in certain sectors while reducing their overall footprint in the Turkish market.
The combined data from the TCMB and local financial reports shows a coordinated reduction in exposure across multiple asset classes, reflecting a cautious stance by international capital toward the current economic environment in Turkey.
