Sharp Drop in Akfen Shares After Hamdi Akın's Statement

IBB Corruption Investigation and Akfen Holding

The corruption investigation conducted within the Istanbul Metropolitan Municipality (IBB) continues to echo in the business world. Hamdi Akın, the Chairman of Akfen Holding, has been summoned to give a statement within the scope of this investigation. This development has created uncertainty among investors and increased selling pressure on Akfen Holding and its subsidiaries.

Sharp Decline in Akfen Construction Shares

At the close of the stock market the previous day, Akfen İnşaat (#AKFIS) shares were trading at 23.60 TL. However, following the news that Hamdi Akın would be giving a statement, the shares experienced a decrease of approximately 6%, dropping to 22.32 TL. After the initial sharp decline, as of 12:03, the shares continued to trade with a %3.98 decrease.

Other Akfen Subsidiaries Also Affected Simultaneously

The shares of other companies affiliated with Akfen Holding also suffered from this uncertainty. For instance, Akfen Gayrimenkul Yatırım Ortaklığı (#AKFGY) shares experienced a %3.04 loss, while Akfen Yenilenebilir Enerji (#AKFYE) shares fell by %1.75. This situation has led investors to act more cautiously in their stock selections related to Akfen Holding.

Market Reactions and Future Expectations

These fluctuations in the markets indicate that uncertainties regarding the future of Akfen Holding still persist. Investors will closely monitor the effects of Hamdi Akın’s statement and its impact on the company and market perception. This situation will also influence potential investment decisions in the future.