Foreign Funds Boost Stakes in Kardemir and Aselsan: $27M Order and 2.48‑Point Share Rise

Foreign investors' maneuvers on the BIST 30 index are carving a distinct sectoral split, with Kardemir (D) and Aselsan seeing notable share‑holding increases.

Foreign Funds' BIST 30 Playbook: Sale‑Buy Dynamics

■18 stocks sold, 12 stocks bought; net market tilt remains toward selling.

■Average foreign fund share decline: 3.87% (BIST 30 Index).

■Selective buying concentrates on low‑volatility, high‑liquidity sectors.

Kardemir's Algeria Order and Stock Performance

■$26.99 million Algeria order lifted the company's foreign‑sale share to 24.27%.

■Continuous 5‑day foreign fund buying raised its stake by 2.48 points.

■Stock slipped 2.37% weekly, yet buying pressure capped the downside.

Aselsan's Robust Order Flow and Stake Increase

■Foreign funds' 4‑day low‑volume purchases grew its share to 54.08%.

■Company secured new contracts amounting to 114% of its annual revenue as of July.

■Share peaked at ₺450 in May before a gradual pull‑back.

Automotive Sector: Foreign Funds' Divestment Wave

■Tofaş Oto: Stake cut by 2.02 points, down to 27.34%.

■Ford Otosan: Stake reduced by 1.06 points, now at 24.34%; financials yet to be released.

■Across the sector, external investors are focusing on profit‑taking and liquidity management.

Short‑Term vs. Long‑Term Market Takeaways

■Short‑term: Selling pressure from foreign funds raises volatility, while selective buying sustains liquidity.

■Long‑term: Companies like Kardemir and Aselsan, backed by strong foreign order pipelines, reinforce investor confidence through rising stakes.

Ufuk Tepe – Senior Analyst, Automotive & Heavy Industry: The foreign fund activity on BIST 30 reflects a sectoral rotation. Companies with solid external order books such as Kardemir and Aselsan maintain portfolio attractiveness with rising stakes. The automotive sell‑off signals short‑term profit realization and inventory risk, yet the sector's long‑term transformation—driven by EV adoption and technological upgrades—remains pivotal. Portfolio managers should prioritize firms with robust foreign order pipelines and strong balance sheets, while monitoring the EV transition's impact on earnings sustainability.