Bank of America turned to steel stocks: Kardemir and Erdemir ranked first and second

On the first trading day of the week, the BIST 100 index fell by 0.28% and closed the day at 14,132.06 points. While the index followed a selling trend during the session, Bank of America ended the day as a net buyer with net purchases of approximately TRY 197 million.

The most notable movement in BofA’s intraday transactions took place in two leading companies in the steel sector. Kardemir Karabük Demir Çelik ranked first with TRY 654.5 million in net purchases, while Ereğli Demir Çelik ranked second with TRY 528.6 million in net purchases.

Thus, the total net purchases made only in KRDMD and EREGL reached TRY 1.1831 billion.

BofA’s 5 Most Purchased Stocks

According to the data, Bank of America’s highest net purchase was in Kardemir Karabük Demir Çelik, while Ereğli Demir Çelik ranked second. Türk Altın İşletmeleri (TRALT) with TRY 373.8 million, Tera Yatırım Teknoloji Holding (TEHOL) with TRY 341.2 million, and Migros Ticaret (MGROS) with TRY 190.9 million in net purchases were the other stocks in the top five.