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  HOME PAGE 30/10/2024 13:13 
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"Significant decline in IPOs on the stock market! Here is the opportunity that investors are keeping an eye on."

30.10.2024 11:10

In Borsa Istanbul, the BIST100 index started trading at 8945 points after the official holiday, with 8650 as support and 9200 as resistance levels. In October, which is expected to have a busy data calendar, S&P's rating decision, bank balance sheets, and inflation data will be closely monitored. It has been observed that the number of initial public offerings (IPOs), which was frequently seen in the early months of 2024, has significantly decreased. Investors are in search of the "right time."

The BIST100 index on Borsa Istanbul closed at 8945, with a 0.42% increase before a short 1.5-day holiday. As the second half of the week begins, eyes are on the credit rating decision from S&P on Friday and the inflation data to be announced on October 4. While a rating upgrade is expected in the market, the outlook is predicted to shift from 'positive' to 'stable'.

IMPORTANT LEVELS IN BIST ISTANBUL

The 9000 level is being monitored as a psychological resistance, while the 9200 level is considered significant in a technical sense. On the downside, maintaining the 8650 support is deemed important. The financial results of Garanti and Yapı Kredi Bankası, to be announced this week, are being followed as they reflect the overall condition of the sector. The inflation figures to be released by İTO on Saturday will also be decisive in terms of interest rate cut expectations and the direction of the stock market.

SUMMER MONTHS WERE GOOD FOR IPOs

Meanwhile, notable developments are occurring in the IPO front. Looking at the last three months; in August, demand was collected for the IPOs of Bahadır Kimya, Kıraç Galvaniz, Gündoğdu Gıda, AHES GYO, Özata Denizcilik, and Cem Zeytin companies. The demand collection process for Cem Zeytin, which started on August 29, ended on September 2. Thus, demand was collected for 6 companies on the stock exchange in that month.

FALL HAS NOT BEEN GOOD FOR IPOs

In September and October, when the market showed weak performance and predominantly moved in a downward trend, a completely different picture emerged for IPOs. In September, only the IPO of Durukan Şekerleme took place, and in October, the IPO of BİN Ulaşım Akıllı Şehir Teknolojileri was realized.

HERE IS THE REASON FOR THE DECREASE IN IPOs

    Analysts point out that while there were 6 IPOs in August, only 2 IPOs occurred in total in September and October. They suggest that this situation may be due to the continued selling pressure in the stock market and the very low trading volume. They also emphasize the importance of timing in IPOs, stating that companies are waiting for the right time due to the more successful IPOs that occur under favorable market conditions.



     
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