Aksigorta, Cimsa, Emlak Konut: 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 (XU100) rose 809.90, or 1.2 percent, to 69,250.14 on April 29.

Aksigorta AS (AKGRT) : The Turkish non-life insurer’s first-quarter loss widened to 6.1 million liras ($4 million) from a loss of 3.8 million liras a year earlier, it said in a statement to the Istanbul Stock Exchange after the market closed on April 29. Aksigorta gained 1 kurus, or 0.5 percent, to 2 liras.

CarrefourSa Carrefour Sabanci Ticaret Merkezi AS (CARFA) : The Turkish unit of France’s market chain Carrefour SA in partnership with Haci Omer Sabanci Holding AS (SAHOL) , said its loss widened to 15.4 million liras in the first quarter, from 2.5 million liras in the same period in 2010, according to a statement to the bourse after the market closed on April 29. CarrefourSa advanced 20 kurus, or 1 percent, to 19.9 liras.

Cimsa Cimento Sanayi & Ticaret AS (CIMSA TI): The Turkish cement producer cut back-taxes and fines of 22.5 million liras from 2001-2003 to 3.98 million liras, to be paid in 18 installments over three years, by applying to a government offer to restructure debts, the company said in a statement to the bourse after the market closed on April 29. Cimsa gained 11 kurus, or 1.1 percent, to 10.25 liras.

Emlak Konut Gayrimenkul Yatirim Ortakligi AS (EKGYO) : Turkey’s biggest housing developer’s first-quarter net income plunged to 73.2 million liras from 150.4 million liras a year earlier, it said in a statement to the bourse after the market closed on April 29. Emlak Konut dropped 3 kurus, or 1 percent, to 3 liras.

Yapi Kredi Sigorta AS (YKSGR) : The Turkish insurer reported a net income of 21.5 million liras, compared with 28.1 million liras in the same period of 2010, according to a statement to the bourse after the market closed on April 29. Yapi Kredi Sigorta declined 5 kurus, or 0.3 percent, to 19.2 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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