The sports index on Borsa Istanbul lost 9.8% in value in February, causing a sharp drop in the shares of sports companies. The earthquake disaster led to increased market volatility, and trading in Borsa Istanbul equities and futures markets was suspended from February 8, 2023 to February 15, 2023, due to earthquakes in Kahramanmaras. Analysts noted that panic prevailed in trading following the earthquake, and despite the balance tendency seen in the market after measures taken by the Capital Markets Board (SPK), selling pressure continued on sports stocks. The Turkish Football Federation (TFF) had also postponed all professional and amateur matches. In February, Beşiktaş Futbol Yatırımları Sanayi ve Ticaret AŞ shares fell 4.5%. Galatasaray Sportif Sınai ve Ticari Yatırımlar AŞ lost 6% on the stock market. Trabzonspor Sportif Yatırım ve Futbol İşletmeciliği Ticaret lost 7.8% on the stock market, while Fenerbahçe Futbol AŞ lost 16.4% for investors.
Beşiktaş is the most profitable since the beginning of the year
When looking at the stock performance of sports companies since the beginning of the year, Beşiktaş and Galatasaray’s stocks have risen, while Trabzonspor and Fenerbahçe’s stocks have declined.
During this period, Beşiktaş provided a return of 27.6 percent and Galatasaray provided a return of 11.6 percent, while Trabzonspor’s shares decreased by 23.2 percent and Fenerbahçe’s shares decreased by 26.8 percent.
Analysts noted that Beşiktaş has generally shown a successful performance in the Spor Toto Super League after the appointment of Şenol Güneş as head coach.
The Spor Toto Super League leader, Galatasaray, has also shown a successful performance on the green fields.
Analysts pointed out that Fenerbahçe did not have a good start to the stock market this year, causing losses to investors in the first two months.
Trabzonspor, who is far from the top of the league, did not make its investors happy on the stock market either.
Fenerbahçe has the highest market value among the 4 publicly traded sports companies, and completed last month with a market value of 5 billion 280 million 583 thousand TL.
Following Fenerbahçe, Galatasaray had a market value of 4 billion 768 million 200 thousand TL, Trabzonspor had a market value of 1 billion 840 million TL, and Beşiktaş had a market value of 1 billion 819 million 200 thousand TL.