As the Chairman of the Capital Markets Board (CMB) of Turkey, İbrahim Ömer Gönül addressed the growing number of investors in the Stock Exchange and public offerings over the past year. He emphasized the need to increase demand for the stock market and encouraged new investors to approach it with a logical investment strategy.
Gönül acknowledged that people’s interest in the stock market was driven by their desire for new ways to grow their money. He also highlighted the potential impact of rising deposit interest rates on public offerings and stock market interest, stressing the importance of careful market regulation.
He revealed that CMB had received nearly 100 public offering applications, highlighting the importance of evaluating companies’ ability to meet market demands and necessary conditions. Gönül emphasized that they must carefully consider the size of public offerings and 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 advised these investors to approach public offerings with a professional investor mindset and seek guidance from financial professionals.
When asked about CMB’s future approach to approval processes, Gönül reiterated his commitment to caution in their principles and stated that they would continue acting cautiously. He also emphasized how crucial it was to closely monitor developments and work with the stock exchange to maintain market stability in light of large volume transactions and movements in the stock market.
In conclusion, Gönül’s remarks underscored the importance of approaching investments in a rational, well-informed manner while maintaining caution in market regulation.