Borsa Ba\u015fkan\u0131 Hikmet Karada\u011f’a g\u00f6re Borsa \u0130stanbul 100 Endeksinin 100,000\u2019i ge\u00e7mesi durumunda iki s\u0131f\u0131r at\u0131labilece\u011finin uygun oldu\u011funu s\u00f6yl\u00fcyor. Bunun i\u00e7in Borsa \u0130stanbul b\u00fcnyesindeki haz\u0131rl\u0131klara devam ediliyor. 13 Haziran 2017 y\u0131l\u0131nda 100,000 seviyesini test eden Borsa \u0130stanbul, 20 y\u0131l \u00f6nce 1997\u2019de \u0130MKB100 Endeksi\u2019nin 97,600 seviyesindeyken iki s\u0131f\u0131r at\u0131lmas\u0131 ile s\u0131f\u0131r at\u0131lma giri\u015fimi ikinci kez g\u00fcndeme geliyor.<\/p>\n
3 Ocak 1986 y\u0131l\u0131nda i\u015flemlere ba\u015flayan \u0130stanbul Menkul K\u0131ymetler Borsas\u0131 (\u0130MKB) endeks hesaplan\u0131\u015f y\u00f6ntemi endekse dahil edilen hisse senetlerinin piyasa de\u011ferlerine g\u00f6re a\u011f\u0131rl\u0131kland\u0131r\u0131lmas\u0131 ile yap\u0131lmaktad\u0131r. \u0130MKB Bile\u015fik Endeksi uzun y\u0131llar boyunca T\u00fcrkiye ekonomisinin borsa taraf\u0131ndaki g\u00f6sterge niteli\u011fi olarak izlenmi\u015ftir. 1997 y\u0131l\u0131ndaki at\u0131lan iki s\u0131f\u0131r ile 1986-1996 y\u0131llar\u0131 aras\u0131nda hesaplanm\u0131\u015f olan endekslerin rakamsal ifadesini kolayla\u015ft\u0131rmak i\u00e7in daha \u00f6nceden hesaplanm\u0131\u015f de\u011ferlerin 100\u2019e b\u00f6l\u00fcnmesi suretiyle yeni hesaplanan \u0130MKB100 endeksinin ba\u015flang\u0131\u00e7 de\u011feri 1986 Ocak ay\u0131nda 100 yerine 1\u2019e e\u015fit olacak \u015fekilde revize edilmi\u015fti.<\/p>\n
5 Nisan 2013 y\u0131l\u0131nda \u0130stanbul Menkul K\u0131ymetler Borsas\u0131, Borsa \u0130stanbul ad\u0131 alt\u0131nda faaliyetlerine devam etmeye ba\u015flad\u0131. \u0130MKB100 endeksi ise B\u0130ST100 olarak revize edildi. En son Gezi olaylar\u0131n\u0131n hemen \u00f6ncesinde May\u0131s 2013\u2019te B\u0130ST100 endeksi 93,178 seviyesine ula\u015fm\u0131\u015f ve bir kez daha endeksten iki s\u0131f\u0131r at\u0131lmas\u0131 g\u00fcndeme gelmi\u015fti.<\/p>\n
Peki Borsa \u0130stanbul\u2019un her 100,000\u2019i deneme s\u00fcrecinde endeksinden iki s\u0131f\u0131r at\u0131lmas\u0131 ile ne gibi avantajlar elde edilebilir.<\/p>\n
Bir defa \u00f6ncelikli olarak psikolojik a\u00e7\u0131dan yat\u0131r\u0131mc\u0131lar \u00fczerinde \u00e7ok olumlu bir etkisinin olaca\u011f\u0131ndan bahsedebiliriz. Endeksten iki s\u0131f\u0131r at\u0131lmas\u0131 \u015f\u00fcphesiz yat\u0131r\u0131mc\u0131lara alg\u0131 a\u00e7\u0131s\u0131ndan son derece olumlu etki yapmas\u0131 beklenebilir. Alg\u0131 a\u00e7\u0131s\u0131ndan i\u015fin ger\u00e7e\u011fi her ne kadar \u00f6yle olmasa da, yat\u0131r\u0131mc\u0131 psikolojisi 10 TL\u2019lik hisse senedi fiyat\u0131n\u0131 100TL\u2019lik hisse senedi fiyat\u0131na g\u00f6re daha \u00e7ok cezbedici oldu\u011fu ger\u00e7e\u011fi unutulmamal\u0131d\u0131r.<\/p>\n
Geli\u015fmi\u015f \u00fclke borsalar\u0131na bak\u0131ld\u0131\u011f\u0131nda t\u00fcm borsa endekslerinin 4 yada 5 haneli oldu\u011funu g\u00f6rmekteyiz. 6 haneli borsa endeksleri psikolojik a\u00e7\u0131dan borsan\u0131n \u015fi\u015fik oldu\u011fu imaj\u0131n\u0131 vermektedir. 5 hanede bulunan ABD Dow Jones Endeksi d\u0131\u015f\u0131nda S&P500 di\u011fer ABD endeksleri ve \u00e7o\u011fu Avrupa \u00fclkeleri borsa endekslerinin 4 haneli rakamlarda oldu\u011funu g\u00f6rmekteyiz. T\u00fcrkiye’nin d\u0131\u015f\u0131nda G\u00fcney Afrika ve Brezilya Bovespa endeksinin yine 5 hane ile 6 haneye do\u011fru ilerledi\u011fi g\u00f6r\u00fclmektedir. Estonya Tallin, Litvanya Ria Borsas\u0131 ve Venezuela borsas\u0131n\u0131n 6 haneli bol s\u0131f\u0131rlar\u0131n yat\u0131r\u0131mc\u0131lar \u00fczerinde pahal\u0131 imaj\u0131 vermesi, yat\u0131r\u0131mc\u0131lara her zaman korku zeminini haz\u0131rlamaktad\u0131r. Borsa \u0130stanbul\u2019un d\u00fcnyan\u0131n \u00f6nemli finans merkezlerinden biri olma hedefine paralel olarak endeks rakamlar\u0131nda da de\u011fi\u015fim mutlak fayda sa\u011flayacakt\u0131r.<\/p>\n
Borsa \u0130stanbul endeksinden s\u0131f\u0131r at\u0131lmas\u0131 durumunda Viop taraf\u0131ndaki i\u015flem g\u00f6ren endeks s\u00f6zle\u015fmeleri i\u00e7inde hesaplan\u0131\u015f y\u00f6ntemlerinde son derece kolay anla\u015f\u0131l\u0131r olacakt\u0131r. B\u00f6lme ve \u00e7arpma de\u011feri yap\u0131lmaya gerek kalmadan viop endeks s\u00f6zle\u015fmeleri ba\u015flang\u0131\u00e7 teminat\u0131 ile endeks de\u011feri ile ayn\u0131 de\u011fer olabilecek. Hatta bu ba\u015flang\u0131\u00e7 teminat\u0131n\u0131n dahi d\u00fc\u015f\u00fcr\u00fclmesine ve daha az ba\u015flang\u0131\u00e7 tutarlar\u0131 ile k\u00fc\u00e7\u00fck yat\u0131r\u0131mc\u0131lar\u0131n piyasaya daha fazla dahil olmas\u0131n\u0131 sa\u011flayacakt\u0131r. S\u0131f\u0131rlar\u0131n at\u0131lmas\u0131 fiyat ad\u0131m de\u011ferlerinin de k\u00fc\u00e7\u00fclmesine neden olabilir. Bu pozitif katk\u0131 piyasan\u0131n likiditesini ve derinli\u011fini artt\u0131ran en \u00f6nemli sebeplerden biri olacakt\u0131r.<\/p>\n
Borsa endekslerinden s\u0131f\u0131r at\u0131lmas\u0131 ile yap\u0131lmas\u0131 beklenen sadele\u015ftirme operasyonunda teorik bir faydas\u0131n\u0131n olmayaca\u011f\u0131 biliniyor. \u00c7\u00fcnk\u00fc borsalarda s\u0131f\u0131r at\u0131lma, borsan\u0131n de\u011ferinde, \u015firket de\u011ferlemeleri veya hisse a\u011f\u0131rl\u0131klar\u0131nda hi\u00e7 bir etki olu\u015fturmayacak. Bedelsiz veren hisse senetlerindeki b\u00f6l\u00fcnmeyle birlikte olu\u015fan daha d\u00fc\u015f\u00fck fiyatl\u0131 hisselerin sonradan yaratt\u0131\u011f\u0131 al\u0131m dalgas\u0131 ayn\u0131 alg\u0131 bi\u00e7imiyle endeksler taraf\u0131nda da tetiklenebilir. Hesaplamalarda ki kolayl\u0131k ile birlikte de\u011fi\u015fen yat\u0131r\u0131m psikolojisi ve ucuzluk alg\u0131s\u0131 piyasada volatilite art\u0131\u015f\u0131 yaratabilir. 1997 tarihinde at\u0131lan iki s\u0131f\u0131r ile piyasan\u0131n ilk 6 ayl\u0131k i\u015flem seanslar\u0131nda volatilitenin artmas\u0131na sebep olmu\u015ftu. Her ne kadar o y\u0131llara nazaran g\u00fcn i\u00e7i volatilite seviyemiz bir hayli d\u00fc\u015fm\u00fc\u015f olsa dahi d\u00fc\u015f\u00fck rakamlar her zaman yeni al\u0131m dalgalar\u0131n\u0131 beraberinde getiren bir unsur olarak kar\u015f\u0131m\u0131za \u00e7\u0131kmaktad\u0131r.<\/p>\n
Yeni nesiller arkadan geldik\u00e7e yat\u0131r\u0131mc\u0131 al\u0131\u015fkanl\u0131klar\u0131, yat\u0131r\u0131mc\u0131 psikolojisi, yat\u0131r\u0131mc\u0131 davran\u0131\u015f\u0131 ve yat\u0131r\u0131mc\u0131 alg\u0131s\u0131 her ne kadar eski y\u0131llara g\u00f6re benzerlik g\u00f6sterse de s\u00fcrekli de\u011fi\u015fim i\u00e7erisindedir. Borsa \u0130stanbul\u2019da 1980’li y\u0131llardan bu yana s\u00fcrekli b\u00fcy\u00fck de\u011fi\u015fim i\u00e7erisindedir. Yeni jenerasyon i\u00e7in 4 haneli bir endeks rakam\u0131 elbette psikolojik bir motivasyon kayna\u011f\u0131d\u0131r. Bu imaj de\u011fi\u015fikli\u011fi yeni giri\u015f yapacak yabanc\u0131 yat\u0131r\u0131mc\u0131 i\u00e7in de etkilidir. Her ne kadar T\u00fcrk Liras\u0131’ndan 6 s\u0131f\u0131r att\u0131\u011f\u0131m\u0131z y\u0131llarda yerli ve yabanc\u0131 alg\u0131s\u0131n\u0131n nas\u0131l b\u00fcy\u00fck bir de\u011fi\u015fim yaratt\u0131\u011f\u0131n\u0131 hep beraber ya\u015fayarak g\u00f6rm\u00fc\u015f olsak bile, borsa taraf\u0131nda endeks de\u011ferlemelerinde T\u00fcrkiye’nin \u00e7ok b\u00fcy\u00fck bir pozitif makro b\u00fcy\u00fcme hikayesi yazmas\u0131 \u015fartt\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":"
Borsa Ba\u015fkan\u0131 Hikmet Karada\u011f’a g\u00f6re Borsa \u0130stanbul 100 Endeksinin 100,000\u2019i ge\u00e7mesi durumunda iki s\u0131f\u0131r at\u0131labilece\u011finin uygun oldu\u011funu s\u00f6yl\u00fcyor. Bunun i\u00e7in Borsa \u0130stanbul b\u00fcnyesindeki haz\u0131rl\u0131klara devam ediliyor. 13 Haziran 2017 y\u0131l\u0131nda 100,000 seviyesini test eden Borsa \u0130stanbul, 20 y\u0131l \u00f6nce 1997\u2019de \u0130MKB100 Endeksi\u2019nin 97,600 seviyesindeyken iki s\u0131f\u0131r at\u0131lmas\u0131 ile s\u0131f\u0131r at\u0131lma giri\u015fimi ikinci kez g\u00fcndeme geliyor.…<\/p>\n","protected":false},"author":1,"featured_media":2328,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-2327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-makaleler"],"_links":{"self":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts\/2327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/comments?post=2327"}],"version-history":[{"count":1,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts\/2327\/revisions"}],"predecessor-version":[{"id":2329,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts\/2327\/revisions\/2329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/media\/2328"}],"wp:attachment":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/media?parent=2327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/categories?post=2327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/tags?post=2327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}