Turkey Equity Movers: Garanti, Gozde Finansal, Trabzonspor
Turkey’s benchmark ISE National 100 Index fell the most in almost three weeks, losing 686.68, or 1.1 percent, to 62,909.49 at the 5:30 p.m. close in Istanbul.
The following stocks were active. Symbols are in parentheses.
Gozde Finansal Hizmetler AS (GOZFN) , the financial services company owned by Yildiz Holding, jumped 53 kurus, or 15 percent, to 3.99 liras, a record high. Gozde had dropped 7.1 percent on June 8 after Yildiz registered shares in the company for sale. The shares were listed for procedural reasons and Yildiz has no plans to sell them, it said in a statement over the weekend.
Trabzonspor Sportif Yatirim & Futbol Isletmeciligi TAS (TSPOR TI), the second-place finisher in last year’s Turkish soccer league, plunged the most in more than a year, retreating 3.15 liras, or 15 percent, to 17.85 liras. Sadri Sener, chairman of the club, was detained in a probe into a match-fixing scandal, state-run Anatolia news agency reported today.
Turkiye Garanti Bankasi AS (GARAN) , Turkey’s biggest lender by market capitalization, lost 16 kurus, or 2.1 percent, to 7.38 liras. Turkey’s ballooning current-account deficit more than doubled to $7.8 billion in May from a year earlier, the central bank said in a statement on its website today. The central bank says it wants to control the deficit by attacking Turkey’s domestic lending boom.
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