Borsa İstanbul falls as Bank of America executes 1.8 billion TL in net sales

Borsa İstanbul's BIST 100 index closed down 0.5% at 12,374 points on October 6, with a total transaction volume of 107.1 billion TL. While the food and beverage sector rose by 1.6%, the financial leasing and factoring sector saw a significant decline of 6.6%.

Bank of America (BofA) clients recorded net sales totaling 1.8 billion TL. The largest single sale was in Tüpraş (TUPRS), amounting to 726.5 million TL, which saw its share price drop 3% to 379.2 TL. Other major sales by BofA included Aselsan Elektronik, İş Bankası, Ereğli Demir ve Çelik, and Akbank.

Globally, markets remain focused on upcoming Federal Reserve meeting minutes and corporate earnings. While technology and AI-driven growth pushed the S&P 500 and Nasdaq to record highs in the US, investors are closely monitoring employment and inflation data for signals regarding future monetary policy. In Turkey, Central Bank Governor Fatih Karahan addressed the TBMM Plan and Budget Commission, noting that outflows from money market funds have largely shifted toward deposits.