Bank of America Makes a 964 Million TL Purchase Amid BIST Decline
During the week of October 7-11, the Istanbul Stock Exchange saw a decline, prompting Bank of America (BofA) clients to take action with a total purchase of 964 million TL.
High Interest from BofA in Two Major Banks
During the week of October 7-11, Bank of America clients showed the most interest in shares of İş Bankası (ISCTR) and Akbank (AKBNK). These two banks were followed by shares of Turkcell (TCELL), Bim (BIMAS), and Garanti Bankası (GARAN).
BofA’s Most Purchased Shares During the Week of October 7-11
BofA attracted attention with a net purchase of 964 million TL in a week where the BIST 100 index declined. Here are the shares that Bank of America purchased the most during the trading week of October 7-11, 2024, along with their net purchase amounts:
The purchases made by Bank of America during the week of October 7-11 indicate that investors viewed the decline in the BIST as an opportunity. The purchasing volume of 964 million TL can be interpreted as a sign of confidence in the market.
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.
