Turkish Capital Markets Board (CMB) Chairman İbrahim Ömer Gönül highlighted the rapid increase in investors in the Stock Exchange and public offerings in the past year. He emphasized the importance of increasing demand for the stock market and urged new investors to adopt a logical investment strategy.
Gönül acknowledged that people’s growing interest in the stock market is driven by their desire to find new ways to grow their money. However, he also cautioned about the potential impact of increasing deposit interest rates on public offerings and stock market interest, stressing the need for careful market regulation.
Gönül revealed that CMB has received nearly 100 public offering applications, indicating that evaluating companies’ ability to meet market demands and necessary conditions is crucial. He also emphasized the importance of considering carefully the size of public offerings and their demand.
The influx of new investors brought about by increasing public offerings in Turkey is a significant trend, according to Gönül. He warned these investors to approach public offerings with a mindset like professional investors and seek guidance from financial professionals.
When asked about CMB’s future approach to approval processes, Gönül reiterated its commitment to caution in its principles and promised to continue acting cautiously. Additionally, he addressed challenges posed by large volume transactions and movements in the stock market, emphasizing the need for close monitoring and cooperation with the stock exchange to maintain market stability.
In conclusion, Gönül’s statements underscored that approaching the stock market and public offerings with a rational, well-informed investment strategy was essential, as well as cautious market regulation.