Despite the downward trend in the stock market, Bank of America stood out with its trading volume.
Which Stocks Did Bank of America Purchase?
The BIST 100 index closed the day at 9012.87 points after losing 3.62% of its value, while Bank of America’s clients engaged in purchasing-heavy transactions. According to Bank of America data, the most bought stocks were BİM Birleşik Mağazalar (BIMAS) and TÜPRAŞ (TUPRS). Following these two stocks were Garanti Bankası (GARAN), Tofaş (TOASO), and Anadolu Efes (AEFES).
Bank of America Makes a 506 Million TL Purchase
During a session when the BIST 100 index experienced a decline, Bank of America executed a net purchase of 506 million TL. This situation indicates that Bank of America views the market downturn as a buying opportunity.
Bank of America’s trading volume and positions could provide significant signals about the future of the markets.
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.
