Turkish Stocks: Kiler Gida, Emlak Konut, Garanti Are Active
Stock Chart for Kiler Alisveris Hizmetleri Gida Sanayi ve Ticaret AS (KILER)
The following stocks were active. Symbols are in parentheses.
Kiler Alisveris Hizmetleri Gida Sanayi ve Ticaret AS (KILERY TI), a low-cost supermarket chain, rose 32 kurus, or 4.3 percent, to 7.72 liras on its second day of trading after an initial public offering. The shares have risen 27 percent above the 6.10 liras they were initially sold for on Jan. 20-21.
Emlak Konut Gayrimenkul Yatirim Ortakligi AS (EKGYO TI), Turkey’s largest housing developer, extended yesterday’s record loss, falling 6 kurus, or 2.2 percent, to 2.68 liras as banks started raising mortgage lending rates in response to the central bank’s inceased reserve requirements.
Turkiye Garanti Bankasi AS (GARAN TI), Turkey’s largest provider of consumer and personal loans, fell to its lowest level in more than five months as central banking measures to curb lending started taking effect. The shares fell 18 kurus, or 2.5 percent, to 7.18 liras. The central bank’s efforts to curb lending are working, CEO Ergun Ozen told CNBC-e television in an interview from Davos today.
To contact the reporter on this story: Benjamin Harvey in Istanbul at email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.