The Chairman of the Capital Markets Board (CMB), İbrahim Ömer Gönül, discussed the growing interest in the stock market and public offerings over the past year. He emphasized the importance of increasing demand for the stock market and advised new investors to approach it with a logical investment strategy.
Gönül acknowledged that people are drawn to the stock market as a way to grow their money, but he also highlighted the potential impact of increasing deposit interest rates on public offerings and stock market interest. He stressed that careful market regulation is necessary to maintain stability.
He shared that there are nearly 100 public offering applications on CMB’s desks, which highlights the importance of evaluating companies’ ability to meet market demands and necessary conditions. Gönül also emphasized the need to carefully consider the size of public offerings and their demand.
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 professional mindset 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. He also addressed challenges posed by large volume transactions and movements in the stock market, emphasizing the need for close monitoring and collaboration with the exchange to maintain stability.
In summary, Gönül’s statements underscored the importance of approaching the stock market and public offerings with a rational, well-informed investment strategy and cautious market regulation.