Turkish Equity Movers: Aselsan, Dogan Yayin, Sekerbank, Tupras

Turkey’s benchmark ISE National 100 Index (XU100) broke a six-day losing streak, gaining 891.79, or 1.4 percent, to 66,535.13 at the 5:30 p.m. close in Istanbul.

The following stocks were active. Symbols are in parentheses.

Aselsan Elektronik Sanayi & Ticaret AS (ASELS TI), a maker of military and communications equipment, dropped 34 kurus, or 3.7 percent, to 8.76 liras after reporting first-quarter profit of 41.9 million liras ($27 million), little changed from 42 million liras over the same period last year.

Bursa Cimento Fabrikasi AS (BUCIM) , a cement maker, surged 30 kurus, or 5.4 percent, to 5.88 liras after reporting first-quarter profit of 8.54 million liras, almost 10 times the 887,127 liras it earned a year ago.

Dogan Yayin Holding AS (DYHOL) , Turkey’s biggest media group, rose the most in three weeks, advancing 4 kurus, or 2.6 percent, to 1.61 liras after cutting its tax bills by applying to the government’s restructuring program. The company reduced payment orders for 1.5 billion liras of back-taxes and fines concerning itself and its unit Dogan TV Holding AS to 294.3 million liras, it said in a statement to the bourse after the market closed yesterday. The group may also restructure 1.36 billion liras of remaining tax bills, it said.

Gubre Fabrikalari TAS (GUBRF TI), a fertilizer producer, fell 35 kurus, or 2.2 percent, to 15.4 liras after saying it lost an auction for phosphate plants in Turkey.

Sekerbank TAS (SKBNK) rose 6 kurus, or 3.6 percent, to 1.73 liras after CNBC-e news channel reported that BTA Bank JSC (BTAS) of Kazakhstan may consider selling its 34 percent stake.

Tupras Turkiye Petrol Rafineleri AS (TUPRS TI), Turkey’s sole refiner, jumped 1 lira, or 2.2 percent, to 46.40 liras after reporting first-quarter profit more than tripled to 306.3 million liras, exceeding estimates, as sales increased and refining margins widened.

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

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