Turkish Capital Markets Board (CMB) Chairman İbrahim Ömer Gönül discussed the increasing number of investors in the stock exchange and public offerings in the past year. He highlighted the importance of increasing demand for the stock market and urged new investors to adopt a logical investment strategy.
Gönül acknowledged that people’s interest in the stock market is driven by their desire to grow their money. However, he also emphasized that increasing deposit interest rates could impact public offerings and stock market interest, making it crucial to regulate the market carefully.
The CMB has received nearly 100 public offering applications, and Gönül emphasized that companies’ ability to meet market demands and necessary conditions must be evaluated before approval. He also advised considering the size of public offerings carefully and ensuring there is demand for them.
One significant trend brought about by increasing public offerings in Turkey is an influx of new investors who may not have basic investment knowledge. Gönül warned these investors to approach public offerings with a mindset similar to professional investors and seek guidance from financial professionals.
When asked about future approval processes, Gönül reiterated the importance of caution in their principles and committed to acting cautiously. He also addressed challenges posed by large volume transactions and movements in the stock market, emphasizing the need to closely monitor developments and work with the stock exchange to maintain market stability. In conclusion, Gönül’s statements underscored the importance of approaching investments with a rational, well-informed strategy while maintaining careful market regulation.