Despite a 0.97% increase on Wednesday, October 9th, on Borsa İstanbul, Tofaş (TOASO) shares attracted attention with significant purchases from Bank of America and İş Yatırım, ending the day with a rise of 3.22%.
Bank of America and İş Yatırım Show Great Interest in Tofaş
On Wednesday, Bank of America clients executed a total of 2,215,893 lots of TOASO shares. Of these transactions, 1,488,710 lots were purchases while 727,183 lots were sales. Bank of America concluded the day with a net purchase of 761,527 lots, translating to a net TL equivalent of 143,387,848 TL in daily purchases. TOASO shares were the third stock with the highest net purchases by Bank of America on Wednesday. On the İş Yatırım side, a total of 1,876,532 lots of TOASO shares were traded, with 1,233,370 lots being purchases and 643,162 lots being sales. İş Yatırım finished the day with a net purchase of 590,208 lots, amounting to a net TL equivalent of 110,918,628 TL for daily purchases.
Notable Selling Institutions
In contrast to the heavy purchases by Bank of America and İş Yatırım, the selling side saw Gedik Yatırım (157,325 lots) and Ak Yatırım (833,655 lots) taking the top two spots.
The interest from Bank of America and İş Yatırım in Tofaş shares signals positive prospects for the stock’s future. However, it is important for investors to conduct their own research and consider their risk tolerance before making investment decisions.
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.
