Istanbul Gelisim University

Gelisim News

Future is on the companies investing in innovation and R&D

Emphasizing that BIST 100 index started in the highest level in 2020, and the rise of the domestic and foreign interest in Turkish Financial Stock Market, Finance Specialist Dr. Hakan Yıldırım said: “Especially between January 14 and February 17, it is seen that the index tries to hold on to 120,000 points and targets higher. However, even though the coronavirus, which affects China, one of the largest financial markets in the world, negatively affects the world markets, the Syrian crisis has reduced the performance of the BIST 100 index.”

Yıldırım pointed out that the biggest indicator of this is rising prices of gold, which is the safest investment tool, at the end of February, and added: “However, the impact of coronavirus is expected to be broken in the coming months and its impact in the world financial markets will decrease. Again, it can be said that the market welcomed by the reactions given by Turkey in Syria. Both Russia and Turkey's mutual releases is lowering pressure. Again, the uptrend trend in the world stock markets that started in March and the decrease in gold prices in line with this situation, indicates that investors will return to the stock market again.”

Asst. Prof. Dr. Hakan Yıldırım from Istanbul Gelisim University continued as follows:

“When we look at the world markets, it is seen that the most demanded, voluminous and appreciating shares are the shares of the company investing in innovation, R&D and technology. For example, TESLA shares, which invest in both the vehicle market and the future of space with their innovative applications that place importance on innovation, have gained 42 percent since the beginning of 2020. Again, it will be seen that the foreign shares, which invest in technology and innovation in the long term, have demonstrated similar performances in recent months. The same would be the case for Turkish markets.”

Yıldırım pointed out that small investors in Turkey should avoid stock market speculators and make long-term investments instead of daily earnings and turn to companies with a future.
 
Stating that the future will be shaped by innovation, Chairman of the Board of Trustees of IGU Abdulkadir Gayretli said: “While we are rapidly moving to become a self-sufficient country with a national technology move, we do our best efforts in higher education”.

Future is on the companies investing in innovation and R&D Created Date: :   Wednesday, March 4, 2020

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