Last Week's Most Bought-back Stocks

Last Week's Most Buyback Stocks

In Borsa Istanbul, last week (November 17-21), some companies carried out share buyback transactions to support healthy price formation in the markets.

Featured Companies

Notable companies that conducted buybacks during this period include: Vakıflar Bankası (VAKBN), Escar Filo (ESCAR), Blume Metal Kimya (BLUME), Net Holding (NTHOL), Göknur Gıda (GOKNR), Mega Metal (MEGMT), Ahlatcı Doğalgaz (AHGAZ), Mavi Giyim (MAVI), Hareket Proje Taşımacılığı (HRKET), and Sarkuysan (SARKY).

Why Are Buybacks Done?

Share buybacks are when companies purchase their own shares from the markets in order to increase their value. Companies buy back shares to prevent value loss due to market fluctuations, negative investor sentiments, and other factors. Some important reasons for these transactions include:

• Providing cash support to shareholders
• Reducing excessive price fluctuations
• Protecting control of shares from competitors
• Evaluating unnecessary cash
• Strengthening confidence in the company’s shares

The impact of share buybacks plays an important role in the company’s EPS (earnings per share). Earnings per share reflects the company’s financial strength and performance; therefore, it is a critical factor in investors' decision-making processes.

Share Buyback Process

According to the regulations set by the Capital Markets Board, buyback transactions are conducted by the board of directors authorized for a certain period. The shares subject to buyback must be eligible for trading on the stock exchange. Additionally, the details of the process are also included in the regulations.

This information is not in any way investment advice. Investors are always encouraged to conduct their own research.