Turkish Stocks: Akbank, Despec Bilgisayar, Sabanci Holding
The following stocks were active. Stock symbols are in parentheses.
Akbank TAS (AKBNK) , the bank owned by Citigroup Inc. and Haci Omer Sabanci Holding AS, slumped 3.1 percent to 6.82 liras, its lowest this month. Akbank reported a 20 percent slide in profit in the fourth quarter, missing all 13 estimates in a Bloomberg survey.
Despec Bilgisayar Pazarlama & Ticaret AS (DESPC TI), an importer and distributor of computers and equipment, added as much as 4.1 percent before closing up 0.9 percent at 4.72 liras. The company became the distributor in Turkey for Dexim products, it said in an e-mailed statement today.
Haci Omer Sabanci Holding AS (SAHOL) , Turkey’s second- largest group of companies, lost 1.7 percent to 7.08 liras. The group was cut to “neutral” from “buy” at UBS AG.
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