Bank of America’s Top-Traded BIST 100 Stocks and Market Dynamics

Bank of America reshaped trading volume on the Istanbul Stock Exchange last month, pinpointing the most actively traded shares within the BIST 100.

BofA’s Trade Concentration Map

■28.4% of total volume concentrated in ASELSAN (ASELS), the clear leader.

■22.7% in TUPRA (TUPRS), securing second place.

■15.9% allocated to GARAN (GARAN).

■12.3% in BİM (BIMAS).

■9.8% in VESTEL (VESTL).

Sector Highlights and Drivers

■Defense & Aerospace: ASELSAN’s newly approved defense contracts boosted its turnover.

■Energy: TUPRA’s investment in natural‑gas pipeline infrastructure fed liquidity.

■Finance: GARAN’s interest‑rate outlook and dividend policy attracted investors.

■Retail: BIMAS’s low‑price strategy reinforced consumer confidence.

■Technology: VESTEL’s smart‑home device launch sparked short‑term volatility.

Price‑Volume Analysis: Fibonacci & Ichimoku Lens

■ASELSAN rose 4.2%, trading just above the 61.8% Fibonacci retracement level.

■TUPRA’s Ichimoku Cloud confirmed an uptrend; price is testing the cloud’s upper boundary.

■GARAN held above its 200‑day moving average (MA) while volume surged 35%.

■BIMAS and VESTEL saw breaks below the 50‑day MA, indicating heightened volatility.

Caner Yılmaz – BIST 100 Technical & Quantitative Analysis Director: “BofA’s trade‑centric stance reallocated liquidity across the BIST 100, triggering price breaks especially in defense and energy stocks. Fibonacci 61.8% and Ichimoku clouds emerge as pivotal short‑term direction tools. Portfolio managers should align risk controls with these trend‑confirming levels to navigate the evolving market landscape.”