Dr. Nuri Sevgen: The liquidation of the 2 billion TL fund is positive, but there is no need for early excitement
Original headlineDr. Nuri Sevgen: 2 milyar TL’lik fon tasfiyesi olumlu ama erken coşkuya gerek yok
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Anadolu Yatırım General Manager Dr. Nuri Sevgen said portfolio management companies have absorbed 12 billion TL of shares under a fund liquidation program, with 2 billion TL of that total purchased off-exchange to avoid direct selling pressure on the market. Speaking on the Anadolu Yatırım program "Towards the Opening in Markets" on Nasıl Bir Ekonomi TV's YouTube channel, Sevgen called the off-exchange method positive but cautioned against early exuberance. He identified 11,000 on the BIST 100 as a significant support level and said equities are trading at very cheap levels, though he urged caution on any rebound buying. The comments matter because the scale of state-linked fund purchases can cushion the index, and investors will watch whether the 11,000 support holds and whether follow-through buying materializes.
Muhabbit's AI wrote this summary in its own words from Ekonomim's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
Dr. Nuri Sevgen, Anadolu Yatırım, BIST 100