Turkey Stocks: Coca-Cola Icecek, Goldas, THY, Vakifbank Move

Turkey’s benchmark ISE National 100 Index (XU100) rose 1.6 percent to 55,721.42, gaining for the first day in three.

The following stocks were active.

Coca-Cola Icecek AS (CCOLA) , the bottler of Coca-Cola drinks in Turkey, gained 4.4 percent to 24 liras before posting results just after the market close today. The company posted a third-quarter profit of 64.8 million liras ($36.5 million), less than the 81.1 million-lira average estimate of 10 analysts in a Bloomberg survey.

Goldas Kuyumculuk Sanayi Ithalat & Ticaret AS (GOLDS TI), a jewelry producer, gained 3.2 percent to 64 kurus, rising for the first day in seven. Goldas signed a license with Warner Brothers Consumer Products Inc. to design and make Lord of the Rings branded jewelry, following a similar agreement with Mattel Europa earlier this month to design and make Barbie branded jewelry.

Turk Hava Yollari (THYAO) AO, or Turkish Airlines, fell 0.4 percent to 2.48 liras, a third day of losses. UBS AG cut its price target for the shares to 3.00 liras from 3.40 liras.

Turkiye Vakiflar Bankasi TAS (VAKBN TI), a state-run bank, surged 5.5 percent to 3.08 liras, its biggest increase since Sept. 20. Vakifbank reported third-quarter earnings of 316.1 million liras, 41 percent higher than last year and exceeding estimates.

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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