Özet:

COVID 19 was first identified in December 2019 in the Chinese state of Wuhan, and in Turkey the first case was announced on March 11, 2020. After COVID 19 was called a pandemic, it had many social, political and economic effects beyond being just a health problem.  In particular, in the framework of quarantine practices, the cuts in supply chains, along with international restrictions, led to economic activity reduction. During this process, investment in some sectors decreased and demand increased, especially in the food sector. With the pandemic, sales on the stock exchanges lowered the stock prices. In the subsequent process, a recovery movement was observed in the stock markets. This study has studied the impact of COVID 19 pandemic on BIST Manufacturing Sector shares. According to the results of the stock return, the stock stocks of the manufacturing sector that are traded in BIST 100 appear to produce a negative return on average on a day basis. This return is clearer one day after the announcement date (Dt+1: -0,07). In this date, the impact of the pandemic saw a decline in the world’s stock exchanges in parallel with the BIST. The research has observed that in the uncertainty environment created by the pandemic, especially around the announcement date, the price gap is high. When the research data is examined on the basis of the process, it is estimated that in the 130 days before the date of announcement (Dt-130) the average 0.12% and in the 130 days after the date of announcement (Dt+130) the average 0.46% positive return was produced. According to these data, the manufacturing sector shares that are traded in BIST 100 have produced more revenue than the process before the pandemic. These data are interpreted in the form that the negative effects of the industry pandemic are removed and recovered.

Anahtar Kelimeler: