On Tuesday, October 8, the BIST100 index closed at 9044.89 points, recording a modest increase of 0.15%. Turkcell (TCELL) shares caught the attention of investors, with significant purchases coming through Bank of America and HSBC, leading to increased activity in the stock.
# Heavy Purchases of TCELL from Bank of America and HSBC
Clients of Bank of America executed a total of 15,103,303 lots for TCELL shares, with 9,796,393 lots being purchases and 5,306,910 lots being sales. The net purchase for Bank of America was 4,489,483 lots, with an average purchase cost of 83.217 TL. The net value of daily purchases amounted to 373,600,334 TL. Meanwhile, clients of HSBC conducted a total of 8,280,283 lots in TCELL, with 8,268,932 lots in purchases. HSBC’s daily net purchase was 8,257,581 lots, with an average purchase cost of 83.807 TL. The net value of daily purchases was calculated to be 692,045,365 TL.
# TEB Investment and İş Investment Stand Out in Sales
In response to the purchases made through Bank of America and HSBC, TEB Investment (376,266 lots) and İş Investment (18,674,576 lots) led the sales side of TCELL shares.
This intense buying interest in Turkcell shares reflects the confidence in the company’s future. The heavy purchases made by Bank of America and HSBC have sparked curiosity about the potential performance of TCELL shares in the upcoming period.
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.
