Turkish Equity Movers: Anadolu Cam, BIM, Celebi, Trakya Cam Move
The following stocks were active. Symbols are in parentheses.
Anadolu Cam Sanayii AS (ANACM) , a producer of flat glass and glass containers, rose 6 kurus, or 1.9 percent, to 3.24 liras, a five-week high, after saying full-year net income surged to 102.1 million liras ($65 million) from 15.6 million liras in 2009 and compared with an average estimate of 89.8 million liras by 16 analysts surveyed by Bloomberg.
BIM Birlesik Magazalar AS (BIMAS) , a discount supermarket chain, climbed for a second day, adding 1.80 liras, or 3.8 percent, to 49 liras. Credit Suisse Group AG upgraded the company to “outperform” from “neutral” and gave it a price estimate of 56.60 liras per share, according to a note from Credit Suisse equity analyst Onur Muminoglu.
Celebi Hava Servisi AS (CLEBI) , an airport ground services company, gained 70 kurus, or 2.8 percent, to 25.50 liras. Celebi Havacilik Holding AS and Dubai’s Abraaj Investment Management Ltd. are to form an equal partnership in a new company created from 22.6 percent of Celebi Hava.
Trakya Cam Sanayii AS (TRKCM TI), a producer of flat and motor vehicle glass, said full-year net income jumped to 211 million liras from 62.2 million liras in 2009. The shares climbed 14 kurus, or 4.4 percent, to 3.35 liras.
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