Aksa Enerji, Sekerbank, Is GYO: Turkey Equity Market Preview

The following stocks may be active in Turkey. Symbols are in parentheses and prices are from the last close.

Turkey’s benchmark ISE National 100 index rose 1,318.06, or 2.1 percent, to 64,819.64 yesterday, ending a four-day losing streak.

Aksa Enerji Uretim AS (AKSEN TI): The power generator plans to sell 58.5 million new shares or 46.2 million existing shares, equaling an 8 percent stake, owned by its parent Kazanci Holding AS to foreign investors next year. Aksa will use the proceeds from share sale to finance new investments, it said in a statement to the Istanbul Stock Exchange after markets closed yesterday. Aksa advanced 8 kurus, or 1.6 percent, to 5.12 liras.

Global Yatirim Holding AS (GLYHO TI): The group with interests in real estate, ports and energy, sold office space in Istanbul’s Beyoglu district for $25 million, it said in statement to the bourse today. Global gained 1 kurus, or 1.1 percent, to 91 kurus.

Is Gayrimenkul Yatirim Ortakligi AS (ISGYO TI): The real estate investment trust plans to raise its annual rental income to $100 million in five years from a current $61 million, Milliyet newspaper reported, citing chief executive Turgay Tanes. The company bought two hotels and an office building for $40 million, Tanes said, according to Milliyet. Is Gayrimenkul rose 6 kurus, or 3.6 percent, to 1.73 liras.

Sekerbank TAS (SKBNK TI): The bank bought a 51 percent stake in mortgage company Seker Mortgage Finansman AS for $8.35 million, it said in a filing with the bourse late yesterday. Sekerbank gained 6 kurus, or 3.5 percent, to 1.80 liras.

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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