KORONAVİRÜS COVİD-19’UN DÜNYA BORSALARI ÜZERİNE ETKİSİ VE BİST-PERAKENDE SEKTÖRÜNDEKİ HİSSE SENETLERİNİN BU SÜREÇTEKİ DAVRANIŞLARI

Abstract

The aim of this study is to evaluate the behavior of the global stock market indices against the number of Covid-19 cases and deaths and the price behavior of the BIST-Retail sector in order to closely observe the effects of the Covid-19 epidemic on the world financial sector. For this purpose, as of April 17, 2020, S&P500, Nasdaq, IBEX35, FTSEMIB, FTSE100, DAX30, CAC40, BIST100 and SSE100, which are the main stock market indices of the countries with the highest number of cases, and BIST100 – ADESE, BIMAS, which sells fast moving consumer goods registered in the retail trade sector. BIZIM, CRFSA, MGROS and SOKM shares are included in the study. In the study, daily data for the period from January 20, 2020 to April 17, 2020 were used. Case and death numbers were obtained from https://www.worldometers.info/coronavirus, index and stock data were obtained from https://tr.investing.com/indices/. Regression analysis was used to measure the effects of the number of cases and deaths on the indices and whether there is a linear relationship between the change in BIST100 and the changes in stock prices. In addition; Percentage change rates were calculated by showing the daily index and stock price movements with graphics. The results show that with the rapid spread of Covid-19 around the world, the increase in the number of cases and deaths caused sharp decreases in stock market indices and stock prices. The measures taken and the policies implemented by the governments contributed positively to the reduction of the impact of the epidemic on the financial markets. However, although none of the stock market indices wit-hin the scope of the research have entered an upward trend as of the end of the research period, they have not yet reached the index value at the start of the study. In terms of stock prices, the stock prices of four of the six companies whose price movements were analyzed are above the value at the beginning of the research period.