Last Week's Most Bought Back Stocks

Last Week's Most Share Buyback Stocks

Various companies traded on Borsa İstanbul carried out significant buybacks between October 20-24 to support healthy price formation. Notable stocks in this context included Mavi Clothing (MAVI), Bim Stores (BIMAS), Kıraç Galvaniz (TCKRC), Akfen Real Estate Investment Trust (AKFGY), Ofis Yem Gıda (OFSYM), Enerya Energy (ENERY), Akfen Renewable Energy (AKFYE), Net Holding (NTHOL), Boğaziçi Beton (BOBET), and Ahlatcı Natural Gas (AHGAZ).

The Importance of Share Buyback

Share buyback is a process carried out by companies to increase the value of their publicly traded stocks. Companies can enhance their equity by issuing shares, thereby providing financial resources. Shareholders have a say in the management of the company according to their shareholding ratios.

Companies have the right to buy back their shares when necessary to avoid being affected by value losses and adverse market conditions. Buybacks are an important tool for companies to maintain their strength in the markets and achieve growth objectives.

Why is Share Buyback Done?

• Providing Cash Support: Buybacks can be executed to provide financial assistance to shareholders.
• Reducing Volatility: A buyback strategy is implemented to minimize fluctuations in stock prices.
• Maintaining Control: Shares are repurchased to prevent control from passing into the hands of competitors.
• Evaluating Idle Cash: Companies may resort to buybacks to assess idle cash in their reserves.
• Reinforcing Company Confidence: Share buybacks can increase investors' trust in the company.

How Does the Buyback Process Happen?

Share buyback transactions are carried out in accordance with the regulations set by the Capital Markets Board. In this context, the shares subject to buyback must be traded on the stock exchange and these transactions must be conducted by the board of directors within a specified period.

In conclusion, share buyback stands out as an important strategy for companies. It is crucial for investors to monitor these processes and consider buyback information when evaluating stocks.