OYAK Plans Highway Tender and Refinery Investment

OYAK General Manager Murat Yalçıntaş made statements regarding the bridges and highways included in the privatization scope. Yalçıntaş stated that they are interested in infrastructure investments in Turkey and abroad. Yalçıntaş also touched upon their meeting with Saudi Aramco. He expressed that during the meeting, the options of establishing a new refinery from scratch and partnering in an existing refinery were evaluated. These moves by OYAK stand out as part of its growth strategy in the energy and infrastructure sectors. The company is following both domestic and international opportunities. Not investment advice.

📊 OYAKC — Piyasa Yorumu

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OYAKC stock rose 4.03% in 24 hours, closing at 21.18 TL, and its RSI14 at 72.2 has entered overbought territory. MACD is above the signal line and positive, indicating strong short-term momentum. The highway tender and refinery investment plans in the news could support growth expectations and increase interest in the stock. However, with RSI in overbought territory and the news not yet materializing into a concrete agreement, upward movement may be limited. While a positive short-term trend is expected, caution is advised against profit-taking.

RSI 14

72.2

MACD

0.29

24h Δ

4.03%

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