Turkish Equity Movers: Aksa Enerji, Finansbank, Yapi Kredi Move

Turkey’s benchmark ISE National 100 Index (XU100) rose 1,245.33, or 2.1 percent, to 61,047.65 at the 5:30 p.m. close in Istanbul, snapping seven days of losses.

The following stocks were active. Symbols are in parentheses.

Aksa Enerji Uretim AS (AKSEN) , an electricity producer, surged 33 kurus, or 8.7 percent, to 4.14 liras, its biggest-ever one-day gain. Goldman Sachs Group Inc. will buy 26.5% of the company from Kazanci Holding for $450 million, or 5.05 liras a share, Aksa Chairman Cemil Kazanci said in a telephone interview.

Finansbank AS (FINBN TI), the bank owned by National Bank of Greece, tumbled 7 kurus, or 1.6 percent, to 4.23 liras, its lowest since September 2010. The bank sold a portfolio of non- performing loans worth 288 million liras ($167 million) to LBT Varlik Yonetimi AS for 17.5 million liras.

Yapi & Kredi Bankasi AS (YKBNK TI), the bank part-owned by UniCredit SpA, gained 10 kurus, or 2.6 percent, to 3.90 liras. Morgan Stanley added Yapi Kredi to its eastern Europe, Middle East and Africa “best ideas” list.

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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