BORSA ISTANBUL MARKETS MONTHLY December 2014 What’s inside Consolidated Data Total Value of Trading in All Markets, Breakdown by Markets, BIST Main Indices Equity Market Total Value of Trading, Breakdown by Instruments, Market Cap., Blue Chips Heat Map, Monthly Top 10s Fixed Income Market Total Value of Trading, Breakdown by Instruments, FI Indices, Repo Rate, Benchmark Bond Rate Derivatives Market Total Notional Value of Trading, Breakdown by Underlying Asset, Open Interest, Number of Trades, Top 10 Members Commodities Market Total Value of Trading, Breakdown by Instruments, Traded Volume, Member Distribution BORSA ISTANBUL CONSOLIDATED Total Value of All Trading (USD billions) Monthly Traded Value Market Breakdown, December 2014 Click on markets for details 0.2% 5.0% Fixed Income 10.7% Market Equity Market Derivatives Market Commodities 84.1% Market Total Value of Trading December 2014-December 2013= -84,05 (USD billions) % Change YoY= -17.6 % BIST30 vs BIST Industrial vs BIST Financial Indices BIST100 Versus BIST30 12/31/2013=100 Cobweb Battle, 01 31 102 02 30 03 140 100 29 98 04 120 26 96 05 100 94 25 92 08 80 24 90 09 60 23 10 40 Click line for graph 22 11 20 19 12 18 15 0 17 16 Jul-14 Jan-14 Jun-14 Oct-14 Apr-14 Feb-14 Sep-14 Dec-13 Dec-14 Aug-14 Nov-14 Mar-14 May-14 BIST100 BIST30 BIST 30 BIST INDUSTRIAL BIST FINANCIAL 12/1/2014=100 BIST100 BIST30 December 31 85,721 106,150 % Change MoM -0.52 -0.58 BORSA ISTANBUL, MONTHLY REPORT, DECEMBER 2014 2 EQUITY MARKET Total Value of Trading Breakdown of Traded Value (USD billions) 45 42 40 38 35 34 34 34 35 33 33 33 32 3% 30 5% 30 26 27 25 20 15 10 92% 5 0 National Market ETP/ETF Market Jul-14 Jan-14 Jun-14 Oct-14 Apr-14 Feb-14 Sep-14 Dec-13 Dec-14 Aug-14 Nov-14 Mar-14 May-14 Second National Market Traded Volume Market Capitalization (in billions share) (USD billions) 273 279 283 300 270 269 269 264 254 25 240 237 235 20.8 20.4 250 19.8 19.7 213 207 18.6 20 17.0 16.4 16.3 16.0 15.7 15.1 200 16.1 15 14.7 150 10 100 5 50 0 0 Jul-14 Jan-14 Jul.14 Jun-14 Oct-14 Apr-14 Feb-14 Sep-14 Dec-13 Dec-14 Aug-14 Jan.14 Nov-14 Jun.14 Mar-14 Oct.14 Apr.14 Feb.14 Sep.14 May-14 Dec.13 Dec.14 Aug.14 Nov.14 Mar.14 May.14 Foreign Ownership Ratio & Net Purchases and Sales 65.0 800 64.0 600 63.8 400 63.0 200 % 62.0 0 61.0 -109 -200 60.0 -400 million USD dollars 59.0 -600 Jul-14 Jan-14 Jun-14 Oct-14 Apr-14 Feb-14 Sep-14 Dec-13 Dec-14 Aug-14 Nov-14 Mar-14 May-14 Foreign Net Purchases&Sales BIST Foreign Ownership Ratio BORSA ISTANBUL, MONTHLY REPORT, DECEMBER 2014 3 BLUE CHIPS (Index Constituents Monthly % Returns) BIST30 Heat Map BIST30 Top and Bottom Performers (%) KOZAL (20.5) ULKER (11.1) TUPRS (10.4) ISCTR (9.4) FROTO (8.9) TRKCM (8.2) ARCLK (5.6) THYAO (4.6) SISE (3.1) PETKM (2.9) DOHOL (2.7) TTKOM (2.4) PGSUS (2.3) TCELL (1.8) BIMAS (1.2) TOASO (0.9) TAVHL (0.5) MGROS (0) KCHOL (-0.8) EREGL (-1.1) EKGYO (-1.8) GARAN (-3.6) AKBNK (-3.7) KRDMD (-3.8) TKFEN (-4) SAHOL (-4.2) VAKBN (-4.3) YKBNK (-8.1) ENKAI (-8.5) HALKB (-12) Leaders: 17 Laggers: 13 Monthly Top 10s in Equity Market Monthly Trading Leaders Top 10 Equities by Traded Value Contribution of Top 10 Shares to (USD billions) Total Value of Trading is 64% 45 Top 10 Top 10 Equities by % Equities by % Traded 40 Traded Value Value 35 GARAN 20% AFYON 3% 30 HALKB 10% TCELL 2% THYAO 9% KRDMD 2% 25 ISCTR 6% PGSUS 2% 20 VAKBN 6% OTHERS 36% AKBNK 4% 15 Jul-14 Jan-14 Jun-14 Oct-14 Apr-14 Sep-14 Feb-14 Dec-13 Dec-14 Aug-14 Nov-14 Mar-14 May-14 BORSA ISTANBUL, MONTHLY REPORT, DECEMBER 2014 4 Top 10 Brokers by Traded Value Top 10 brokers’ IS YATIRIM MENKUL DEGERLER A.S. share in total 47% YAPI KREDI YATIRIM MENKUL DEGERLER A.S. traded value is GARANTI YATIRIM MENKUL KIYMETLER A.S. 8% 53% TEB YATIRIM MENKUL DEGERLER A.S. 7% GEDIK YATIRIM MENKUL DEGERLER A.S. AK YATIRIM MENKUL DEGERLER A.S. 7% 3% DENIZ YATIRIM MENKUL KIYMETLER A.S. 3% 6% MEKSA YATIRIM MENKUL DEGERLER A.S. 6% 3% 5% 5% BURGAN YATIRIM MENKUL DEGERLER A.S. FINANS YATIRIM MENKUL DEGERLER A.S. OTHERS Top 10 Performers By Monthly Returns AFYON CIMENTO SANAYI TAS 128% BIRLIK MENSUCAT AS 73% OZBAL CELIK BORU SAN TIC VE TAAHHUT AS 72% BOYNER BUYUK MAGAZACILIK AS 68% YESIL YAPI ENDUSTRISI AS 55% JANTSA JANT SANAYI VE TICARET AS 54% ESCORT TEKNOLOJI YATIRIM AS 48% OTOKAR OTOMOTIV VE SAVUNMA SANAYI A.S. 40% KEREVITAS GIDA SANAYI VE TICARET AS 36% DATAGATE BILGISAYAR MALZEMELERI TAS 36% 0% 30% 60% 90% 120% 150% Click on sub markets to see top performers- National Market Second National markets - Market ub S Exchange Traded Products/Funds Market Equity Market Equity Emerging Companies Market BORSA ISTANBUL, MONTHLY REPORT, DECEMBER 2014 5 FIXED INCOME MARKET Total Value of Trading (USD billions) Breakdown of Traded Value 440 by Instruments 450 425 400 331 350 310 305 302 276 288 275 34.91% 300 255 267 3.97% 250 221 223 0.36% 200 0.38% 150 100 60.75% 50 0.01% 0 Interbank Repo-Reverse Repo Market Repo-Reverse Repo Market Jul-14 Jan-14 Jun-14 Bond Market Oct-14 Apr-14 Feb-14 Sep-14 Dec-13 Dec-14 Aug-14 Nov-14 Mar-14 May-14 Repo Market for Specified Securities Offering Market for Qualified Investors Fixed Income Market Indices Benchmark Bond Rate 156 2150 9.0 2100 8.8 154 8.6 2050 8.4 152 2000 8.2 150 1950 8.0 1900 7.8 148 1850 7.6 7.4 146 1800 7.2 Jul-14 Jan-14 Jun-14 Oct-14 Apr-14 Feb-14 Sep-14 Dec-13 Dec-14 Aug-14 Nov-14 Mar-14 May-14 Price Indices-15 Month Performance Indices-15 Month 01.12.2014 03.12.2014 05.12.2014 07.12.2014 09.12.2014 11.12.2014 13.12.2014 15.12.2014 17.12.2014 19.12.2014 21.12.2014 23.12.2014 25.12.2014 27.12.2014 29.12.2014 31.12.2014 Top 10 Members by Traded Value T. IS BANKASI A.S. 31% T.C. ZIRAAT BANKASI A.S. 3% HSBC BANK A.S. 3% CITIBANK A.S. 3% T. VAKIFLAR BANKASI A.S. 3% 25% T. HALK BANKASI A.S. 3% T. GARANTI BANKASI A.S. 4% AKBANK T.A.S. 5% ODEABANK A.S. 7% 13% THE ROYAL BANK OF SCOTLAND PLC OTHERS BORSA ISTANBUL, MONTHLY REPORT, DECEMBER 2014 6 DERIVATIVES MARKET Total Notional Value of Derivatives Trading Breakdown of Traded Value (USD billions) Underlying Asset Value Traded Share (%) 25 (USD) 20.6 19.6 17,891,639,701 91.43 19.3 Equity Index Futures 18.7 20 18.0 17.7 17.6 16.9 Currency Futures 1,481,737,061 7.57 15.1 14.1 13.7 15 13.3 82,383,244 0.42 12.1 Precious Metals Futures 40,871,028 0.21 10 Equity Futures Commodity Futures 0 0.00 5 Power Futures 0 0.00 48,008,313 0.25 0 Equity Index Options Currency Options 22,053,121 0.11 Jul-14 Jan-14 Jun-14 Oct-14 Apr-14 Feb-14 Sep-14 Dec-13 Dec-14 Aug-14 Nov-14 Mar-14 May-14 Equity Options 2,823,256 0.01 Total 19,569,515,724 100.00 Open Interest Traded Volume (in millions) (in thousands) 6 5.9 5.6 6.0 5.8 5.4 5.2 5.1 5.2 5.2 641 700 5 4.7 567 562 557 552 4.1 533 600 507 4 461 3.5 445 436 428 500 423 3.0 400 372 3 300 2 200 100 1 0 0 Jul-14 Jan-14 Jun-14 Oct-14 Jul-14 Apr-14 Feb-14 Sep-14 Dec-14 Dec-13 Aug-14 Nov-14 Jan-14 Mar-14 Jun-14 Oct-14 May-14 Apr-14 Feb-14 Sep-14 Dec-14 Dec-13 Aug-14 Nov-14 Mar-14 May-14 Top 10 Members by Traded Value TEB YATIRIM MENKUL DEGERLER A.S. Top 10 members’ IS YATIRIM MENKUL DEGERLER A.S. share in traded 39% GARANTI YATIRIM MENKUL KIYMETLER A.S. value is 61% YAPI KREDİ YATIRIM MENKUL DEGERLER A.S. 15% DEUTSCHE SECURITIES MENKUL DEGERLER A.S. 3% GEDİK YATIRIM MENKUL DEGERLER A.S. 4% YATIRIM FINANSMAN MENKUL DEGERLER A.S. 11% 4% CREDIT SUISSE ISTANBUL MENKUL DEGERLER A.S. 4% SANKO MENKUL DEGERLER A.S. 4% 7% 4% 5% DENIZ YATIRIM MENKUL KIYMETLER A.S. OTHERS BORSA ISTANBUL, MONTHLY REPORT, DECEMBER 2014 7 should it be relied upon as such. Borsa Istanbul All rights reserved. This Traded Volume ( Total Value of Commodities Trading MARKET COMMODITIES USD billions USD uses its best endeavours to update the material presented, it does not undertake that all information is accurate or 0.00 0.50 1.00 1.50 2.00 2.50 10 20 30 40 50 60 70 TopMembers 10by Traded Value (Gold) 0 material issued by Borsa Istanbul Dec-13 43.1 Dec-13 1.66 ) 8% 56.9 8% (ton Jan-14 0.63 Jan-14 15.6 8% 9% 25.1 s Feb-14 0.47 ) 4% Feb-14 10.7 Mar-14 0.63 33.2 4% Apr-14 0.52 Research and Business Development Department Mar-14 13.5 12% 3% 36.3 May-14 0.71 Jun-14 1.00 12.0 14% Gold Apr-14 26.4 Jul-14 0.54 May-14 16.7 Aug-14 0.52 13% 39.6 Sep-14 0.84 17% Jun-14 24.0 35.4 Oct-14 0.68 Silver 12.5 Nov-14 2.35 Jul-14 31.5 Dec-14 0.97 12.2 Aug-14 25.2 is for information purposes on OTHERS IAR DOVIZ KM ONS KALOTI KM KM UGURAS NADIR DOVIZ RAFINERISI ALTIN DENIZBANK A.S GARANTI RONA DOVIZ KUVEYT TURK 21.3 BreakdownTraded of Value Sep-14 39.5 16.8 Oct-14 32.2 complete, nor 61.0 3% Nov-14 58.3 97% ly.