Breaking News

Tweet TWEET

Turkish Equity Movers: Bolu Cimento, Halkbank, Karsan Are Active

Turkey’s benchmark ISE National 100 Index (XU100) rose for a fourth day, closing above 70,000 for the first time since Nov. 11. The index gained 549.6, or 0.8 percent, to 70,072.02 at the 5:30 p.m. close in Istanbul.

The following stocks were active. Symbols are in parentheses.

Bolu Cimento Sanayii AS (BOLUC) , a cement maker, fell 13 kurus, or 6.7 percent, to a two-week low of 1.80 liras after being cut to “hold” from “buy” at UniCredit SpA.

Karsan Otomotiv Sanayii & Ticaret AS (KARSN TI), an automaker, slumped a fourth day, dropping 6 kurus, or 2.9 percent, to 2 liras, its lowest since Feb. 24. Nissan Motor Co. won the contest to produce taxis for New York City in which Karsan, along with Ford Motor Co. (F), was one of three finalists, New York Daily News reported, citing a city official it didn’t name because the decision hadn’t been made public.

Turkiye Halk Bankasi AS (HALKB) , a state-run bank, reversed earlier losses to gain 45 kurus, or 3.4 percent, to 13.55 liras, its highest since Jan. 7, after reporting first- quarter net income of 524.7 million liras ($343 million) compared with the 453 million-lira average estimate of four analysts in data compiled by Bloomberg.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.