On Friday, October 18, Borsa Istanbul experienced a decline, and İş Bankası (ISCTR) shares also lost value. Notably, significant selling occurred from HSBC and OYAK Investment clients during this downturn.
Substantial Sales from HSBC and OYAK Investment
HSBC clients executed a total of 22,503,559 lots in İş Bankası C shares. Of these transactions, 4,535,240 lots were purchases, while 17,968,319 lots were sales. HSBC’s average selling price was 11.92 TL, and its clients ended the day with a net sale of -13,433,079 lots in ISCTR shares. The net equivalent of the daily sales amounted to -160,121,747 TL. Meanwhile, clients of OYAK Investment conducted a total of 24,841,984 lots in İş Bankası C shares, with 5,763,212 lots in purchases and 19,078,772 lots in sales. OYAK Investment’s average selling price was 12.262 TL, and its clients finished the day with a net sale of -13,315,560 lots in ISCTR shares, resulting in a net sales equivalent of -163,276,211 TL for the day.
İş Investment and TEB Investment Lead in Purchases
In response to the sales from HSBC and OYAK Investment, İş Investment (15,381,304 lots) and TEB Investment (13,383,743 lots) emerged as the top buyers in the market.
The decline in BIST on Friday drew attention to the sales of İş Bankası shares by HSBC and OYAK Investment clients. The impact of these sales, along with other developments in the markets, will be crucial factors influencing the direction of İş Bankası shares in the coming days.
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.
