Last week on Borsa Istanbul, the BIST100 index closed the week down by 0.93%, while Coca-Cola İçecek (CCOLA) shares experienced a decline of 3.01%. This drop in Coca-Cola İçecek shares was significantly influenced by heavy selling from Ak Investment and HSBC.
Heavy Selling from Ak Investment and HSBC
Ak Investment clients executed a total of 18,179,680 lots of Coca-Cola shares last week. Of these transactions, 6,589,479 lots were purchases, while 11,590,201 lots were sales. Ak Investment clients ended the week with a net sale of -5,000,722 lots in CCOLA shares, with an average selling price of 47.768 TL. During the week of October 14-18, 63% of the net sales in CCOLA shares were conducted through Ak Investment, amounting to a total sales value of -238,875,484 TL. HSBC clients traded a total of 6,105,823 lots in Coca-Cola shares, with 2,194,223 lots as purchases and 3,911,600 lots as sales. HSBC clients concluded the week with a net sale of -1,717,377 lots in CCOLA shares, and HSBC’s average selling price was 46.221 TL. In the week of October 14-18, 22% of the net sales in CCOLA shares occurred through HSBC, totaling -79,378,167 TL in sales value.
Who is on the Buying Side?
In contrast to the selling activity from Ak Investment and HSBC, the buying side was led by Bank of America (1,772,468 lots) and QNB Investment (1,366,587 lots) in the top two positions.
The decline in Coca-Cola İçecek shares last week drew attention, particularly due to the selling activity from Ak Investment and HSBC. As a result of these sales, CCOLA shares ended the week negatively diverging from the BIST100 index, closing down by 3.01%.
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.
