The investigation into the chain markets also damaged the stocks of the companies. All of the penalized chain markets started the first trading day of the week with a decline. Although there are some signs of recovery, the situation is not very good.
Chain markets, which have been one of the main elements of our agenda for a while, began to lose value in the stock market. The stocks of chain markets, which were found “criminal” within the scope of the investigation opened by the Competition Authority and faced with paying a historical fine, started the new week with the dominance of sellers. This is the chain stores. share bill of exchange of your values caused it to fall.
Looking at the BIST 100 data; the depreciation of Migros with the start of transactions. 3.18 percent, depreciation in shock 2.70 percent, the depreciation of BİM 2 percent, while the depreciation of CarrefourSA 0.15 percentWe see it reaching . As of 11:38, there is some recovery. In this context; Current depreciation of Migros stocks 1.02 percent, depreciation in shock 1.1 percent, the depreciation in CarrefourSA 1.78 percent around. BİM, on the other hand, after resetting the depreciation, around 0.5 percent in valued condition.
Why did chain market stocks drop sharply?
President Erdoğan, who provides service in our country due to the increasing food prices, 5 chain markets held responsible. Thereupon, the Ministry of Commerce and the Competition Authority took action and decided to investigate the chain markets. At the meeting held recently, in oral defense It was stated that price increases were a necessity. Competition Authority, Friday made its final decision on chain markets.
According to the statements made by the Competition Authority;
- 958,129,194.39 TL to BİM United Mağazalar A.Ş.,
- 142,469,772.07 TL to CarrefourSA Carrefour Sabancı Ticaret Merkezi A.Ş.,
- 517,672,762.75 TL to Migros Ticaret A.Ş.,
- 384,369,037.15 TL to Şok Marketler Ticaret A.Ş.,
- (A101) TRY 646,582,329.39 to Yeni Mağazacılık A.Ş.,
administrative fine was imposed. However, chain stores announced that they would reject these allegations and take the matter to the judiciary. In this context; The first company to make a statement to KAP Migros became. also BİM and Shock that a lawsuit will be filed with a statement similar to that of Migros. they announced. These negative news and uncertainties were directly reflected in the stock prices of companies.
Source :
https://www.dunya.com/finans/haberler/zincir-marketler-ceza-sonrasi-saticili-haberi-638298