Turkey Stocks: Acibadem, Akbank, Sabanci Holding Are Active
Turkey’s benchmark ISE National 100 Index (XU100) surged 1.9 percent to 62,561.47, ending four days of losses and extending its gain this year to 22 percent, heading for the best quarter since 2010.
The following stocks were active. Stock symbols are in parentheses.
Acibadem Saglik Hizmetleri & Ticaret AS (ACIBD) , a chain of hospitals, slumped 0.8 percent to 25 liras after owner Khazanah Nasional Bhd (KNBZ). of Malaysia said it would offer to buy minority shares at $13.67 per share, compared with the dollar- converted closing price of about $13.83 per share on March 23.
Akbank TAS (AKBNK) , Turkey’s second-largest listed lender by market value, led declines on the stock exchange, losing 3.3 percent to 7.02 liras after Citigroup Inc. (C) said it would cut its 20 percent stake in the Turkish lender by at least half.
Haci Omer Sabanci Holding AS (SAHOL) , Turkey’s second- biggest group of companies and owner of 49 percent of Akbank TAS, gained 0.5 percent to 7.62 liras after falling as much as 2.1 percent in intraday trading.
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