BORSA İSTANBUL

MARKETS MONTHLY

January 2016

What’s inside

Derivatives Market

Total Traded Value, Breakdown by Underlying Asset,

Open Interest, Number of Trades, Top 10 Members

Fixed Income Market

Traded Value, Breakdown by Instruments, Benchmark Bond Rate

Equity Market

Traded Value, Breakdown by Instruments, Traded

Volume, Market Cap, Monthly Top 10s

Consolidated Data

Total Traded Value, Breakdown by Markets, BIST Main Indices

Commodities Market

Total Traded Value, Breakdown by Instruments, Traded Volume,

Member Distribution

2

BORSA İSTANBUL, MONTHLY REPORT, JANUARY 2016

BORSA İSTANBUL CONSOLIDATED Total Value of All Trading (USD billions)

Monthly Traded Value Market Breakdown, January 2016

88.8%

7.0%4.0%

0.1%

Fixed IncomeMarket

Equity Market

DerivativesMarket

CommoditiesMarket

BIST30 vs BIST Industrial vs BIST Financial Indices 01/30/2015=100

65

70

75

80

85

90

95

100

105

110

Jan

-15

Fe

b-1

5

Ma

r-1

5

Ap

r-1

5

Ma

y-1

5

Jun

-15

Jul-

15

Au

g-1

5

Se

p-1

5

Oct-

15

No

v-1

5

De

c-1

5

Jan

-16

BIST 30 BIST INDUSTRIAL BIST FINANCIAL

BIST100 Versus BIST30 Cobweb Battle

95

97

99

101

103

10504

0506

07

08

11

12

13

1415

1819

20

21

22

25

26

27

2829

BIST100 BIST30

1/4/2015=100

Total Value of Trading Absolute Change (January 2016- January 2015)= 36.05 (USD billions) % Change YoY= 9.9%

BIST100 BIST30 January 29 73.481 90.041 % Change MoM 2.45 2.99

Clic

k fo

r lin

e gr

aph

Click on markets for details

3

BORSA İSTANBUL, MONTHLY REPORT, JANUARY 2016

EQUITY MARKET Total Value of Trading (USD billions)

0

5

10

15

20

25

30

35

40

45

Jan

-15

Feb

-15

Ma

r-1

5

Ap

r-1

5

Ma

y-1

5

Jun

-15

Jul-

15

Au

g-1

5

Sep

-15

Oct

-15

No

v-1

5

De

c-1

5

Jan

-16

42

39 39

3432 32

28

23

19

30

3331

28

90%

3%7%

BIST Stars

BIST Main

ETP/ETF Market

Traded Volume (in billions share)

Market Capitalization (USD billions)

0

5

10

15

20

25

Jan

-15

Feb

-15

Ma

r-1

5

Ap

r-1

5

Ma

y-1

5

Jun

-15

Jul-

15

Au

g-1

5

Sep

-15

Oct

-15

No

v-1

5

De

c-1

5

Jan

-16

18

.7

19

.4 20

.9

19

.2

16

.9 18

.8

16

.0

14

.3

13

.1

18

.2

18

.6 20

.1

18

.7

0

50

100

150

200

250

300

Jan

.15

Feb

.15

Ma

r.1

5

Ap

r.1

5

Ma

y.1

5

Jun

.15

Jul.

15

Au

g.1

5

Sep

.15

Oct

.15

No

v.1

5

De

c.1

5

Jan

.16

26

9

24

9

22

9

24

0

23

5

22

7

21

5

19

3

18

6 20

6

19

8

19

0

19

0

Foreign Ownership Ratio & Net Purchases and Sales

-1,400

-1,200

-1,000

-800

-600

-400

-200

0

200

400

600

800

60.0

61.0

62.0

63.0

64.0

65.0

66.0

Jan-

15

Feb-

15

Mar

-15

Apr

-15

May

-15

Jun-

15

Jul-1

5

Aug

-15

Sep-

15

Oct

-15

Nov

-15

Dec

-15

Jan-

16

mill

ion

USD

dol

lars

%

Foreign Net Purchases&Sales BIST Foreign Ownership Ratio

Breakdown of Traded Value

4

BORSA İSTANBUL, MONTHLY REPORT, JANUARY 2016

BLUE CHIPS (Index Constituents Monthly % Returns)

YKBNK (12.77) ARCLK (10.31) KCHOL (8.14) TUPRS (7.61) TOASO (7.55)

AKBNK (7.31) ULKER (7.22) OTKAR (7.02) FROTO (6.67) TCELL (6.26)

GARAN (4.35) SAHOL (3.26) KOZAL (2.12) EREGL (1.64) ISCTR (0.43)

KRDMD (0) EKGYO (-0.77) THYAO (-1.08) TTKOM (-1.1) DOAS (-1.45)

VAKBN (-1.57) HALKB (-2.02) BIMAS (-2.71) ENKAI (-2.88) TAVHL (-3.79)

TKFEN (-4.7) PGSUS (-5.3) SISE (-6.27) CCOLA (-11.74) PETKM (-24.18)

Leaders: 15 Laggers: 15

Monthly Top 10s in Equity Market Monthly Trading Leaders Top 10 Equities by Traded Value (BIST Stars)

23%

12%8%

6%

6%4%

3%

3%3%

2%

30%GARANTI BANKASI

TURK HAVA YOLLARI

T. HALK BANKASI

AKBANK

IS BANKASI (C)

VAKIFLAR BANKASI

SABANCI HOLDING

TUPRAS

TUMOSAN MOTOR VE TRAKTOR

YAPI VE KREDI BANK.

OTHERS

BIST30 Heat Map

Contribution of Top 10 Shares

to Total Value of Trading is 70%

BIST30 Top and Bottom Performers (%)

5

BORSA İSTANBUL, MONTHLY REPORT, JANUARY 2016

Top 10 Brokers by Traded Value

8%

8%

8%

8%6%5%

4%4%

4%

4%

41%

IS YATIRIM MENKUL DEGERLER A.S.

GARANTI YATIRIM MENKUL KIYMETLER A.S.

YAPI KREDI YATIRIM MENKUL DEGERLER A.S.

GEDIK YATIRIM MENKUL DEGERLER A.S.

TEB YATIRIM MENKUL DEGERLER A.S.

AK YATIRIM MENKUL DEGERLER A.S.

MERRILL LYNCH MENKUL DEGERLER A.S.

DENIZ YATIRIM MENKUL KIYMETLER A.S.

YATIRIM FINANSMAN MENKUL DEGERLER A.S.

MEKSA YATIRIM MENKUL DEGERLER A.S.

OTHERS

Top 10 Performers By Monthly Returns (BIST All Shares Index)

%0 %10 %20 %30 %40 %50 %60 %70 %80

23%

24%

24%

32%

35%

38%

38%

43%

54%

63%

*Warrants and certificates are not included.

Equ

ity

Mar

ket

Sub

-mar

kets

BIST Stars

BIST Main

Collective and Structured Products*

BIST Emerging Companies

Top 10 brokers’ share in total

traded value is 59%

Click on sub-markets to see top performers

6

BORSA İSTANBUL, MONTHLY REPORT, JANUARY 2016

FIXED INCOME MARKET

Total Value of Trading Breakdown of Traded Value (USD billions) by Instruments

0

50

100

150

200

250

300

350

400

Jan

-15

Feb

-15

Mar

-15

Apr

-15

May

-15

Jun-

15

Jul-

15

Au

g-1

5

Sep

-15

Oct

-15

Nov

-15

Dec

-15

Jan

-16

302

253281 271 257

329 322 323 328354 346

384353

79.3%

17.5% 3.1%

0.1%

0.0%

0.1%

Interbank Repo-Reverse Repo Market

Repo-Reverse Repo Market

Bond Market

Repo Market for Specified Securities

Offering Market for Qualified Investors

Benchmark Bond Rate

11.03

10.5

10.7

10.9

11.1

11.3

11.5

05.0

1.20

16

07.0

1.20

16

09.0

1.20

16

11.0

1.20

16

13.0

1.20

16

15.0

1.20

16

17.0

1.20

16

19.0

1.20

16

21.0

1.20

16

23.0

1.20

16

25.0

1.20

16

27.0

1.20

16

29.0

1.20

16

%

34%

16%

14%

5%

4%3%

3%3% 3% 2%

13%

Top 10 Members by Traded Value

TURKIYE CUMHURIYET MERKEZ BANKASI

T.C. ZIRAAT BANKASI A.S.

TURKIYE IS BANKASI A.S.

TURKIYE GARANTI BANKASI A.S.

YAPI VE KREDI BANKASI A.S.

TURKIYE VAKIFLAR BANKASI T.A.O.

ODEA BANK A.S.

DENIZBANK A.S.

AKBANK T.A.S.

TURKIYE HALK BANKASI A.S.

OTHERS

7

BORSA İSTANBUL, MONTHLY REPORT, JANUARY 2016

DERIVATIVES MARKET

Total Notional Value of Derivatives Trading (USD billions)

0

5

10

15

20

25

Jan

-15

Feb

-15

Ma

r-1

5

Ap

r-1

5

Ma

y-1

5

Jun

-15

Jul-

15

Au

g-1

5

Sep

-15

Oct

-15

No

v-1

5

De

c-1

5

Jan

-16

15

.2

20

.7

20

.5

18

.0

15

.8

19

.2

15

.6

18

.6

13

.5

19

.1

16

.9 18

.6

16

.1

Breakdown of Traded Value Value Traded

(USD)

Equity Index Futures 12,073,852,098 75.20%

Currency Futures 3,387,933,762 21.10%

Currency Options 314,473,322 1.96%

Equity Index Options 99,585,630 0.62%

Power Futures 89,324,993 0.56%

Precious Metals Futures 43,744,039 0.27%

Equity Options 31,525,151 0.20%

Equity Futures 14,908,491 0.09%

ETF Futures 439,673 0.00%

Total 16,055,787,159 100

Underlying Asset Share

Open Interest (in thousands)

0

200

400

600

800

1,000

1,200

1,400

1,600

Jan

-15

Fe

b-1

5

Ma

r-1

5

Ap

r-1

5

Ma

y-1

5

Jun

-15

Jul-

15

Au

g-1

5

Se

p-1

5

Oct-

15

No

v-1

5

De

c-1

5

Jan

-16

61

4

79

2

74

0

80

9

76

9 88

6

93

4

12

39

10

84

10

96

11

25 1

33

6

14

31

Traded Volume (in millions)

0

1

2

3

4

5

6

7

8

9

Jan

-15

Feb

-15

Ma

r-1

5

Ap

r-1

5

Ma

y-1

5

Jun

-15

Jul-

15

Au

g-1

5

Sep

-15

Oct

-15

No

v-1

5

De

c-1

5

Jan

-16

5.0

7.5

8.7

7.3

6.0

7.8

6.5

8.8

6.9

9.0

7.8

8.88.1

Top 10 Members by Traded Value

16%

11%

7%7%6%

6%

6%

5%

3%

3%

32% TEB YATIRIM MENKUL DEĞERLER A.Ş.

GARANTİ YATIRIM MENKUL KIYMETLER A.Ş.

İŞ YATIRIM MENKUL DEĞERLER A.Ş.

SANKO MENKUL DEĞERLER A.Ş.

GEDİK YATIRIM MENKUL DEĞERLER A.Ş.

YAPI KREDİ YATIRIM MENKUL DEĞERLER A.Ş.

AK YATIRIM MENKUL DEĞERLER A.Ş.

A1 CAPITAL MENKUL DEĞERLER A.Ş.

DENİZ YATIRIM MENKUL KIYMETLER A.Ş.

YATIRIM FİNANSMAN MENKUL DEĞERLER A.Ş.

OTHERS

Top 10 members’

share in traded

value is 68%

8

All rights reserved. This material issued by Borsa Istanbul Research and Business Development Department is for information purposes only. Although

Borsa Istanbul uses its best endeavours to update the material presented, it does not undertake that all information is accurate or complete, nor

should it be relied upon as such.

COMMODITIES MARKET Total Value of Commodities Trading (USD billions)

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

Jan

-15

Feb

-15

Mar

-15

Apr

-15

May

-15

Jun-

15

Jul-1

5

Aug

-15

Sep

-15

Oct

-15

Nov

-15

Dec

-15

Jan

-16

1.5

1.2

0.8 0.8

0.4 0.4

1.1

1.0

0.5

0.8

0.6

0.8

0.3

Breakdown of Traded Value

96%

4%

Gold

Silver

Traded Volume (tons)

0

10

20

30

40

50

60

70

Jan-

15

Feb-

15

Mar

-15

Apr

-15

May

-15

Jun-

15

Jul-1

5

Aug

-15

Sep-

15

Oct

-15

Nov

-15

Dec

-15

Jan-

16

35.1

29.2

19.2

20.2

10.1

10.5

30.5

26.2

13.7

20.1

16.3

22.8

9.3

38.3

51.9

67.2

40.9

30.3

42.9

30.0 33

.2

47.2

53.4

22.1

42.3

29.5

Gold Silver

23 181341

449

Number of Members

Banks

Precious Metals Companies

Precious Metals Producingand Marketing Companies

FX Offices

Members from JewellerySector