Aksigorta, Ford Otosan, Sabanci, Turkcell: Turkey Stock Preview

The following stocks may be active in Turkey. Symbols are in parentheses and prices are from the last close.

Turkey’s benchmark ISE National 100 Index (XU100) rose 0.6 percent to 61,388.64.

Aksigorta AS (AKGRT) : Brussels-based Ageas (AGS) and Turkish partner Haci Omer Sabanci Holding AS (SAHOL) will present their plans for the Turkish non-life insurer after Ageas bought a 31 percent stake from Sabanci in February. Aksigorta jumped 6 kurus, or 4 percent, to 1.56 liras yesterday.

Ford Otomotiv Sanayi AS (FROTO) : The maker of Ford vehicles in Turkey was raised to “neutral” from “sell” at UBS AG. The shares fell 5 kurus, or 0.4 percent, to 12.45 liras.

Turkcell Iletisim Hizmetleri AS (TCELL TI): Turkey’s biggest mobile phone company may report net profit of 19.9 million liras, down from a profit of 425 million liras in the second quarter last year, according to the mean estimate of 11 analysts in a Bloomberg survey, five of whom forecasted a loss. The shares rose 6 kurus, or 0.7 percent, to 8.66 liras.

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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