Borsa \u0130stanbul\u2019da BIST 100 endeksi y\u0131l ba\u015f\u0131ndan bu g\u00fcne yakla\u015f\u0131k y\u00fczde 170 getiri oran\u0131na ula\u015ft\u0131. Son bir y\u0131ldaki y\u00fckseli\u015f oran\u0131 ise y\u00fczde 147 seviyesinde.<\/p>\n
Bug\u00fcnk\u00fc i\u015flemlerde de BIST 100 endeksi g\u00fcn i\u00e7erisindeki y\u00fckseli\u015fini y\u00fczde 4,20\u2019nin \u00fczerine \u00e7\u0131kararak g\u00f6rd\u00fc\u011f\u00fc en y\u00fcksek seviyeyi 5 bin 215 puana ta\u015f\u0131d\u0131.<\/p>\n
Bankac\u0131l\u0131k endeksinde y\u0131l ba\u015f\u0131ndan bu yana g\u00f6r\u00fclen y\u00fckseli\u015f y\u00fczde 181\u2019e ula\u015f\u0131rken son 1 y\u0131ll\u0131k getiri oran\u0131 da y\u00fczde 166 seviyesinde. Y\u0131l ba\u015f\u0131ndan bu g\u00fcne sanayi endeksinin getirisi ise y\u00fczde 142 olurken son bir y\u0131ll\u0131k d\u00f6nemde de yat\u0131r\u0131mc\u0131s\u0131na y\u00fczde 126 oran\u0131nda kazand\u0131rd\u0131.<\/p>\n
Ula\u015ft\u0131rma endeksinin y\u0131l ba\u015f\u0131ndan bu yana getirisi ise y\u00fczde 493 ile bankac\u0131l\u0131k ve sanayi endekslerinin olduk\u00e7a \u00fczerinde. Ula\u015ft\u0131rma endeksindeki son bir y\u0131ll\u0131k y\u00fckseli\u015f de y\u00fczde 454\u2019e gelmi\u015f durumda.<\/p>\n
Borsadaki bu rallinin nedenlerini Sozcu.com.tr\u2019ye de\u011ferlendiren piyasa uzmanlar\u0131n\u0131n ortak dikkat \u00e7ekti\u011fini nokta yeni ekonomi modeli sonras\u0131 ortaya \u00e7\u0131kan y\u00fcksek enflasyon dolay\u0131s\u0131yla yat\u0131r\u0131m ara\u00e7lar\u0131 aras\u0131nda Borsa \u0130stanbul\u2019un alternatifsiz kalmas\u0131.<\/p>\n
\u2018KKM\u2019DEK\u0130 PARA BORSAYA AKMAYA BA\u015eLADI\u2019<\/b><\/p>\n
Allbatross Portf\u00f6y Fon Y\u00f6neticisi G\u00f6khan Uskuay, kurlar\u0131n hareketsiz, faizlerin de \u00e7ok d\u00fc\u015f\u00fck olmas\u0131 dolay\u0131s\u0131yla borsadan ba\u015fka alternatif kalmad\u0131\u011f\u0131n\u0131 vurgulad\u0131.<\/p>\n
\u201cKur Korumal\u0131 Mevduat (KKM) daha \u00f6nceden bir getiri sunuyordu. Merkez Bankas\u0131 rezervlerinin kuvvetlenmesi, D\u00f6viz Tevdiat Hesaplar\u0131ndan \u00e7\u00f6z\u00fclme ile birlikte KKM\u2019deki para borsaya akmaya ba\u015flad\u0131\u201d diyen Uskuay, kas\u0131m ve aral\u0131k aylar\u0131ndan itibaren \u015firketlerin de d\u00f6viz satmaya ba\u015flad\u0131\u011f\u0131na de\u011finerek, hem kurumsal hem bireysel yat\u0131r\u0131mc\u0131lar\u0131n borsaya geldi\u011fine dikkat \u00e7ekti.<\/p>\n
Bu d\u00f6nemde sekt\u00f6r ve endekslere ili\u015fkin bir ayr\u0131m kalmad\u0131\u011f\u0131n\u0131 ifade eden Uskuay, yeni gelen yat\u0131r\u0131mc\u0131lar\u0131n hangi hisse y\u00fckseliyorsa onun pe\u015finden gittiklerini s\u00f6yledi. Uskuay, \u201cDenge ve se\u00e7icilik kayboldu, bu kadar yeni yat\u0131r\u0131mc\u0131n\u0131n girdi\u011fi yerde onlar\u0131n kurallar\u0131na g\u00f6re oynuyoruz. Ne y\u00fckseliyorsa onun pe\u015finden gidiyorlar. Sekt\u00f6r diye bir dinamik kalm\u0131\u015f de\u011fil\u201d \u015feklinde konu\u015ftu.<\/p>\n
\u2018BORSAYA RAK\u0130P \u00c7IKACAK TEK \u015eEY KURUN SI\u00c7RAMASI\u2019<\/b><\/p>\n
Borsadaki bu y\u00fckseli\u015fin devaml\u0131l\u0131\u011f\u0131 ve s\u00fcrd\u00fcr\u00fclebilirli\u011fi noktas\u0131nda da de\u011ferlendirmelerde bulunan Uskuay, mevcut ekonomi modeline i\u015faret etti. Uskuay, \u201cYeni ekonomik yap\u0131 s\u00fcrd\u00fcr\u00fclemez ama k\u0131sa vadede TCMB rezervlerindeki y\u00fckseli\u015f, Rusya-Ukrayna sava\u015f\u0131yla gelen s\u0131cak paran\u0131n devam\u0131 bu modeli i\u015fler k\u0131l\u0131yor. Borsan\u0131n dinami\u011fini bozacak tek \u015fey kurun s\u0131\u00e7ramas\u0131. Kur ve faiz dengesi bozuldu\u011fu anda borsaya rakip \u00e7\u0131kacak\u201d dedi.<\/p>\n
Ayr\u0131ca borsadaki bug\u00fcnk\u00fc y\u00fckseli\u015fe ili\u015fkin Varl\u0131k Fonu vurgusu yapan Uskuay, s\u00f6zlerini \u015f\u00f6yle s\u00fcrd\u00fcrd\u00fc, \u201cBir para giri\u015fi var ama sebebini bilmiyorum. Varl\u0131k Fonu i\u00e7erisinde bulunan hisselerden birine al\u0131m geldi\u011finde di\u011ferlerinde de y\u00fcksek oranl\u0131 primler g\u00f6r\u00fcyoruz. Yat\u0131r\u0131mc\u0131lar ne y\u00fckseliyorsa onun pe\u015finden gidiyor\u201d \u015feklinde konu\u015ftu.<\/p>\n
EKONOM\u0130 POL\u0130T\u0130KALARINDA NORMALE M\u0130 D\u00d6NECE\u011e\u0130Z?<\/b><\/p>\n
Marba\u015f Yat\u0131r\u0131m Genel M\u00fcd\u00fcr Yard\u0131mc\u0131s\u0131 Soner Kuru da borsadaki y\u00fckseli\u015fte artan enflasyon ve getiri alternatifsizli\u011finin ana etken oldu\u011funu s\u00f6yledi. Bug\u00fcn itibar\u0131yla ge\u00e7en hafta g\u00f6r\u00fclen kay\u0131plar\u0131n telafi edildi\u011fini ifade eden Kuru, y\u00fckseli\u015fin devam\u0131na ili\u015fkin se\u00e7im sonras\u0131 ekonomi politikalar\u0131n\u0131 i\u015faret etti.<\/p>\n
Bundan sonras\u0131 i\u00e7in her iki y\u00f6nl\u00fc de dalgalanmalar\u0131n olabilece\u011fini s\u00f6zlerine ekleyen Kuru, \u00f6ne \u00e7\u0131kacak sekt\u00f6rler olarak, \u201cKompozisyonda bir de\u011fi\u015fiklik yok. Hizmetler, perakende, holdingler, havac\u0131l\u0131k, enerji bu sekt\u00f6rlerin \u00f6n plana \u00e7\u0131kaca\u011f\u0131n\u0131 s\u00f6yleyebiliriz\u201d dedi.<\/p>\n
Kuru, \u201cRisk i\u015ftah\u0131 devam ediyor. Borsa \u00f6n\u00fcm\u00fczdeki bir, iki \u00e7eyrek sonras\u0131n\u0131 fiyatlamaya \u00e7al\u0131\u015f\u0131r. Dolay\u0131s\u0131yla bir se\u00e7im d\u00f6nemi var. Burada sorulmas\u0131 gereken soru d\u00fc\u015f\u00fck faiz s\u00fcrd\u00fcr\u00fclebilir mi, ekonomi politikalar\u0131nda normale mi d\u00f6nece\u011fiz? E\u011fer d\u00fc\u015f\u00fck faiz anlay\u0131\u015f\u0131 s\u00fcrerse borsa y\u00fckselmeye devam eder\u201d \u015feklinde konu\u015ftu.<\/p>\n
Kur Korumal\u0131 Mevduat Hesaplar\u0131ndan borsaya bir miktar giri\u015f oldu\u011funa da de\u011finen Kuru, s\u00f6zlerini \u015f\u00f6yle s\u00fcrd\u00fcrd\u00fc; \u201cKurda bir hareket yok. KKM hesaplar\u0131nda son d\u00f6nemde biraz giri\u015f oldu. Yeni hesap say\u0131lar\u0131nda da art\u0131\u015f var. Kripto para yat\u0131r\u0131mc\u0131lar\u0131ndan da bu d\u00f6nemde Borsa \u0130stanbul\u2019a bir ge\u00e7i\u015f var\u201d<\/p>\n
\u2018YERL\u0130 YATIRIMCI PARASINI BORSAYA KOYUYOR\u2019<\/b><\/p>\n
Ata Yat\u0131r\u0131m Stratejisti Batuhan \u00d6z\u015fahin de Borsa \u0130stanbul\u2019da g\u00f6r\u00fclen rallide TL yat\u0131r\u0131mlara ili\u015fkin ba\u015fka bir alternatifin olmamas\u0131n\u0131 g\u00f6sterdi.<\/p>\n
Uzun zamand\u0131r y\u00fczde 70\u2019lere varan negatif reel faiz fakt\u00f6r\u00fc oldu\u011funu belirten \u00d6z\u015fahin, \u201cDaha \u00f6nce enflasyonist ortamlarda mevduat ile korunabiliyordunuz. Art\u0131k b\u00f6yle olmay\u0131nca tasarruflar ciddi \u015fekilde eriyor. \u0130nsanlar ne yapacaklar\u0131n\u0131 sormaya ba\u015flad\u0131. Para farkl\u0131 enstr\u00fcmanlara y\u00f6neldi. Yerli yat\u0131r\u0131mc\u0131 paras\u0131n\u0131 ciddi \u015fekilde buraya koyuyor\u201d de\u011ferlendirmesinde bulundu.<\/p>\n
2020 y\u0131l\u0131ndan sonra yabanc\u0131 yat\u0131r\u0131mc\u0131lar \u00e7\u0131kt\u0131k\u00e7a yerini yerlilerin ald\u0131\u011f\u0131n\u0131 kaydeden \u00d6z\u015fahin, \u201cYerli yat\u0131r\u0131mc\u0131lar \u00e7e\u015fitli balonlar da olu\u015fturuyor ama ge\u00e7ti\u011fimiz d\u00f6nemlerde ciddi d\u00fc\u015f\u00fc\u015flere yabanc\u0131 \u00e7\u0131k\u0131\u015flar\u0131 neden olurdu. \u015eu anda borsada yabanc\u0131 oran\u0131 y\u00fczde 30\u2019un alt\u0131nda, yabanc\u0131lar T\u00fcrkiye\u2019deki makro iklimi \u00e7ok k\u0131r\u0131lgan g\u00f6r\u00fcyor, yerli yat\u0131r\u0131mc\u0131lar onlar\u0131n yerini doldurdu\u201d dedi.<\/p>\n
\u2018C\u0130DD\u0130 B\u0130R PARA G\u0130R\u0130\u015e\u0130 VAR, DUYAN GEL\u0130YOR\u2019<\/b><\/p>\n
Borsan\u0131n y\u00fckseli\u015finde bir ba\u015fka fakt\u00f6r olarak 2018 y\u0131l\u0131ndan beri geni\u015f tabanl\u0131 para arz\u0131ndaki artt\u0131\u015fa dikkat \u00e7eken \u00d6z\u015fahin, \u201cZenginle\u015fen pek \u00e7ok insan oldu. Yerli yat\u0131r\u0131mc\u0131lar da enflasyondan korunmak i\u00e7in borsaya y\u00f6neldi. Yat\u0131r\u0131mc\u0131 say\u0131s\u0131 3 bu\u00e7uk milyonu ge\u00e7ti, duyan geliyor ama insanlar\u0131n bilin\u00e7li yakla\u015fmas\u0131 laz\u0131m\u201d dedi.<\/p>\n
\u00d6z\u015fahin, KKM hesaplar\u0131ndan borsaya giri\u015f oldu\u011fu y\u00f6n\u00fcndeki s\u00f6ylemlere ili\u015fkin ise, \u201cKKM\u2019nin getirisi d\u00fc\u015fmeye ba\u015flay\u0131nca hacmi azald\u0131 ama oradan \u00e7\u0131k\u0131\u015f, buraya giri\u015f var diyemeyiz. \u00d6l\u00e7\u00fclebilen bir \u015fey de\u011fil. Ciddi bir para giri\u015fi var ama KKM\u2019den mi mevduat taraf\u0131ndan m\u0131 bilemiyorum. \u0130nsanlar tasarruflar\u0131n\u0131 buraya y\u00f6nlendiriyor. Arzla talep aras\u0131nda d\u00fczeltme olur ama arz olmas\u0131na ra\u011fmen ciddi bir d\u00fczeltme g\u00f6rmedik\u201d dedi.<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Borsa \u0130stanbul’da enflasyon rallisi devam ederken uzmanlar alternatifsizlik vurgusu yap\u0131yor. KKM’den \u00e7\u00f6z\u00fclmeler ve Varl\u0131k Fonu ilgisiyle ciddi bir para giri\u015fi oldu\u011funu ifade eden piyasa oyuncular\u0131 yeni yat\u0131r\u0131mc\u0131lar\u0131n da tasarruflar\u0131n\u0131 borsada de\u011ferlendirdi\u011fini s\u00f6yl\u00fcyor.<\/p>\n","protected":false},"author":1,"featured_media":61694,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[4337,1329,215,944,9457],"class_list":["post-61693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-borsa","tag-kur","tag-para","tag-yatirim","tag-yukselis"],"_links":{"self":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/61693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61693"}],"version-history":[{"count":1,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/61693\/revisions"}],"predecessor-version":[{"id":61695,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/61693\/revisions\/61695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/media\/61694"}],"wp:attachment":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}