Turkey Stocks: Do&Co, Gozde Finansal, Saglam, Sanko, Ulker Move
The following stocks were active. Symbols are in parentheses.
Do & Co Restaurants & Catering AG (DOCO) , the Vienna- based airline and event caterer, surged as much as 6.9 percent to an all-time high of 85.50 liras in intraday trading and closed up 1.75 liras, or 2.2 percent, at 81.75 liras. The company will spend as much as 500 million euros ($717 million) on expansion and is looking for acquisitions, according to Austrian newspaper Wirtschaftsblatt.
Saglam Gayrimenkul Yatirim Ortakligi AS (SAGYO) , the real estate investment trust owned by Yildiz Holding AS, climbed 15 kurus, or 10 percent, to 1.65 liras, the highest since at least March 2007. The stock soared 79 percent this week. Saglam will merge with Saf Gayrimenkul Gelistirme Insaat & Ticaret AS to undertake bigger land development projects in Istanbul, Yildiz said July 5.
Sanko Pazarlama & Ithalat Ihracat AS (SANKO TI), a marketing unit of Sanko Holding AS, rose the most in three years, climbing 70 kurus, or 15 percent, to 5.46 liras. Daikin Industries Ltd. (6367) of Japan will buy Airfel Isitma & Sogutma Sitemleri AS from Sanko Holding for about $260 million, Sanko Chairman Abdulkadir Konukoglu said in a phone interview.
Ulker Biskuvi Sanayi AS (ULKER) , a Turkish sweets maker, dropped 20 kurus, or 3.5 percent, to 5.48 liras late in trading. Owners of parent company Yildiz Holding AS registered more than 110 million Ulker shares for sale, according to a report from the exchange.
Gozde Finansal Hizmetler AS (GOZFN) also fell, plunging 36 kurus, or 7.1 percent, to 4.74 liras after Yildiz Holding registered to sell 28.4 million shares in its financial services company.
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