Turkey Stocks: Aselsan, Koza Altin, Netas, Rhea, Yapi Kredi

Turkey’s benchmark ISE National 100 Index (XU100) fell 61.19, or 0.1 percent, to 60,827.89 at the 5:30 p.m. close in Istanbul.

The following stocks were active. Symbols are in parentheses.

Aselsan Elektronik Sanayi & Ticaret AS (ASELS TI), a military contractor, rose 16 kurus, or 2.1 percent, to 7.72 liras, its highest since Aug. 5. Saudi Arabia asked Turkey to enter a tender to produce Atak T-129 attack helicopters for the Saudi air force, Sabah newspaper reported.

Koza Altin Isletmeleri AS (KOZAL) , a gold miner, gained 10 kurus, or 0.4 percent, to 23.35 liras. The company said it started test production at a new processing plant at its Kaymaz mine in Eskisehir in central Turkey.

Netas Telekomunikasyon AS (NETAS TI), a telecommunications equipment maker, surged to the highest since July, gaining 11 liras, or 7.6 percent, to 156 liras. Rhea Girisim Sermayesi Yatirim Ortakligi AS (RHEAG TI) gained 8 kurus, or 3.1 percent, to 2.68 liras. Rhea bought another 10 percent stake in OEP Rhea Turkey Tech BV, the company that controls Netas, for $7.5 million, doubling its stake.

Yapi & Kredi Bankasi AS (YKBNK TI), UniCredit SpA’s unit in Turkey, rose 1 kurus, or 0.3 percent, to 4.04 liras. UniCredit Chief Executive Officer Federico Ghizzoni said the Italian bank’s assets in Turkey were “strategic” and it had no plans to sell Yapi Kredi.

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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