IPO Surge: Daily Performance Review of Recently Listed Shares

In the past 24 hours, new IPOs on the Turkish exchange have reshaped investor risk appetite and market liquidity.

First Impressions on the Trading Floor

■TechNova (15%) surged 22% on its debut, underscoring strong sector demand.

■BioHealth (8%) closed 3% lower, yet traded 2.5 Million shares, signaling robust liquidity.

■EnerjiCo (12%) posted a 9% rise, buoyed by investor interest in renewable‑energy projects.

Dividend Champions and Share‑Buyback Playbooks

■TechNova's board announced a 4.2% dividend yield alongside a 10 Million TRY share‑buyback program on day one.

■BioHealth plans a 2.8% dividend and aims to repurchase 5 Million TRY worth of stock in the first quarter.

■EnerjiCo currently offers no dividend but commits to a 6.5% buyback, reinforcing investor confidence.

Liquidity and Volatility Dynamics

■Average daily volume rose to 3.2 Million shares, up from 2.1 Million the previous day.

■The daily volatility index registered 1.9%, above the weekly average of 1.3%.

■Net foreign inflows reached +45 Million TRY, while domestic investors added +12 Million TRY.

Aylin Güneş: “The first‑day performance of IPOs is tightly linked to dividend and buy‑back policies. High‑yield and repurchase commitments, as seen with TechNova, send a clear long‑term value signal. Allocating 5‑10% of portfolios to these newcomers can balance risk‑return while capitalizing on liquidity opportunities.”