Investors act with a culture of partnership when investing

Ergun participated in the session titled "Financing Sources in Capital Markets and the Real Sector."

Noting that 107 billion TL in funding has been provided through the initial public offerings (IPOs) of 139 companies over the last 3 years, Ergun continued his remarks as follows:

"I interpret this figure as follows: These 139 companies have financed their investments and exports in TL through the capital markets over the last 3 years. By doing so, they have managed exchange rate and interest rate risks more effectively, financing their investments and growth in a more sustainable way. This is what this figure means to me. We always talk about the equity market and IPOs, but our Debt Instruments Market also generates resources for the sector. Over the last 3 years, over 1 trillion TL in funding has been transferred to the sector through the issuance of debt instruments. This figure alone was 400 billion TL this year."

Stating that they have reached 8 million investors, Ergun said, "This means approximately one-tenth of Turkey are stock market investors; this was at a rate of 1 percent just a few years ago. It is a positive development, but also one that requires careful attention. It means we have a lot more work to do in terms of increasing the financial literacy levels of the 8 million investors who have joined."

"DO NOT RELY ON SOCIAL MEDIA"

Korkmaz Ergun drew attention to the importance of investors acting with a culture of partnership by maintaining a long-term perspective when making investments.

Reporting that 7 billion TL worth of IPOs have been seen this year, Ergun assessed, "As capital markets, we have moved up a significant league in the last 3 years. Building on the accumulations of the 100th anniversary of our Republic, and within the 'Century of Turkey' vision set by our President, we will take on more responsibility and roles as capital markets in financing our country's exports, investments, employment, growth, and development."

Pointing to the importance of young investors joining the stock market and expressing his satisfaction with this, Ergun stated, "Please do not rely on social media; follow company disclosures on the Public Disclosure Platform (KAP). Come and learn about investing there. We must work harder on financial literacy; the Capital Markets Board (SPK) is focusing heavily on this issue, and we are also conducting significant work in this area."

News Source: 12punto