Turkey Stocks: Celebi Hava Servisi, Nurol GYO, Vestel Beyaz

Turkey’s benchmark ISE National 100 Index (XU100) fell 1,320.48, or 2.4 percent, to 54,054.80 at the 5:30 p.m. close in Istanbul, its biggest drop in two weeks.

The following stocks were active. Symbols are in parentheses.

Celebi Hava Servisi AS (CLEBI) , an airport handler, plunged 1.65 liras, or 7.6 percent, to 20.15 liras after saying its parent company Celebi Havacilik Holding AS and Abraaj Investment Management Ltd. agreed to terminate talks over the sale of the holding’s 22.6 percent stake in the handler.

Nurol Gayrimenkul Yatirim Ortakligi AS (NUGYO) , a real estate developer, gained for a fourth day, adding 10 kurus, or 1.5 percent, to 6.68 liras. The company will invest about 160 million liras ($91 million) in a project on the grounds of Yildiz Technical University in Istanbul and aims to invest a total of 600 million liras in the medium term to meet its goal of ranking in the top five listed developers in the country, Hurriyet newspaper said citing general manager Musa Aykac.

Vestel Beyaz Esya Sanayi & Ticaret AS (VESBE TI), a household appliances maker owned by Zorlu Holding AS, surged the most in more than a year, gaining 13 kurus, or 6.3 percent, to 2.20 liras after Hurriyet reported the company bought the Servis, Electra, Atlantic and New Pool home appliance brands from Italy’s Antonio Merloni SpA.

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