Turkey Stocks: Arcelik, Halkbank, Tupras, Vestel Are Active

Turkey’s benchmark ISE National 100 Index (XU100) fell for a second day, losing 0.6 percent to 51,204.58 at the close in Istanbul.

The following were among the active equities in the Turkish market today. Stock symbols are in parentheses.

Arcelik AS (ARCLK) , Turkey’s biggest supplier of home appliances, gained 3.1 percent to 6.72 liras, rising for a third day. The government and the home appliances industrialists’ association plan campaigns to encourage households to renew about 15 million appliances with newer, energy-efficient ones, Hurriyet newspaper said, citing Energy Minister Taner Yildiz.

Vestel Elektronik Sanayi & Ticaret AS (VESTL) , a producer of television and other electronic devices, jumped 4.3 percent, its biggest gain since Dec. 22, to 1.95 liras.

Turkiye Halk Bankasi AS (HALKB) , a state-run bank, fell 2.7 percent to 9.78 liras on concern it may be affected by further sanctions on financial institutions dealing with Iran.

Tupras Turkiye Petrol Rafinerileri AS (TUPRS) , Turkey’s sole oil refiner, lost 0.5 percent to 38.50 liras, extending yesterday’s 6.5 percent slump. The company imports oil from Iran.

Yapi Kredi Sigorta AS (YKSGR) , an insurer, dropped 0.8 percent to 12.10 liras. Oyak Securities downgraded the company to “underperform,” according to a report published after the market close yesterday.

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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