President Recep Tayyip Erdogan's announcement that they will hold a tender for Kanal Istanbul in the near future has blown cement stocks. While the daily increase in BIST 100 index in Borsa Istanbul was 0.7 percent, the shares of Akçansa, which has factories in the Marmara Region, reached 5 percent during the day. Akçansa shares increased by 50 percent in the last month. Nuh Çimento, another major player in the sector, rose more than 2 percent yesterday, while the rise in the last three months exceeded 70 percent.
CumhuriyetAccording to the news of Emre Deveci; “The daily increase in the shares of Bursa Cement, another cement company in the Marmara Region, reached 3 percent, and the increase in the last three months reached 35 percent. In Bolu Cement, there was an increase of 3 percent daily and over 70 percent in the last three months. Limak, another major player in the sector and one of the companies that has the largest share in public tenders, also has a cement company, but the company is not open to the public.
Kurthan Atmaca from Teb Investment said that the announcement of the construction of Kanal Istanbul was effective in the increase in cement shares. Atmaca stated that cement shares, which have been under a lot of pressure in the construction sector for the last 1.5 years, have been on the rise with the recent interest rate decreases, the announced housing campaigns and the merger of Oyak Cement companies.
Marine geologist and geophysicist Cenk Yaltırak, 43 km of Channel Istanbul's 5-meter-thick walls of approximately 66 million cubic meters of concrete will be spent, said that this volume of concrete can be built 148 thousand new buildings.
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