The BIST100 index closed the week of October 7-11 with a decrease of 2.56%, while Astor Energy (ASTOR) shares were hit by a significant wave of selling.
Intense Selling from Halk Investment and Investment Financing
Halk Investment executed a total of 3,643,129 lots of Astor Energy shares during the week of October 7-11, finishing the week with a net sale of 1,060,283 lots. The average selling price for Halk Investment was 69.143 TL, with the net value of weekly sales amounting to 73,310,781 TL. Meanwhile, Investment Financing also traded a total of 1,651,949 lots of Astor Energy shares in the same period, concluding the week with a net sale of 933,971 lots. The average selling price for Investment Financing was 70.280 TL, resulting in a net value of weekly sales of 65,639,078 TL.
Institutions Leading the Sales of Astor Energy Shares
In response to the sales of Astor Energy shares through Halk Investment and Investment Financing, the buying side was led by Garanti BBVA Investment (798,149 lots) and Ziraat Investment (571,733 lots).
With the decline of the BIST100 index, it remains unclear how this wave of selling in Astor Energy shares will impact the performance of the stock in the coming weeks.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
