[109196] Bank of America sells shares in the Turkish market totaling 7 billion liras

Unusual activity by Bank of America in the Turkish capital market

Over the past 24 hours, significant selling activity by Bank of America has been reported in the Turkish stock market. According to financial reporting channels, the bank executed two separate sale transactions that led to the realization of shares totaling 7 billion Turkish liras.

According to reports from Borsa Haber 🔔, Borsa Haber Hisse🥇, and 𝐁𝐎𝐑𝐒𝐀 𝐆𝐔𝐍𝐃𝐄𝐌𝐈, in the first move, the bank sold shares worth 3 billion liras. Subsequently, the same sources updated that the bank executed another sale amounting to 4 billion liras.

These channels, which focus on continuous coverage of the Borsa Istanbul and foreign investor movements, did not specify the exact composition of the shares sold or the motives behind the bank's reduction of exposure to the Turkish market. Investors are monitoring with concern the impact of this move on the stability of local indices in the short term.