Turkish Stocks: Dogan Holding, Netas, Rhea Girism, Soktas Move

Turkey’s benchmark ISE National 100 Index (XU100) rose 0.3 percent to 60,890.09 at the close in Istanbul, advancing for a second day.

The following stocks were active. Stock symbols are in parentheses.

Dogan Sirketler Grubu Holding AS (DOHOL TI), a Turkish group with interests in media and energy, plunged the most in more than eight months, dropping 14 percent to 73 kurus. The company reported a full-year loss of 757.1 million liras ($421.5 million), missing estimates, and said it wouldn’t buy back shares from investors. Dogan Holding chairwoman Begumhan Dogan Faralyali denied Turkish media reports today that honorary chairman Aydin Dogan had been arrested.

Dogan Yayin Holding AS (DYHOL) , Dogan’s publishing and media arm, dropped 11 percent to 68 kurus and Hurriyet Gazetecilik AS (HURGZ) , the publisher of the group’s flagship newspaper, fell 9 percent to 1.01 liras.

Netas Telekomunikasyon AS (NETAS) , a Turkish manufacturer of telecommunications equipment, surged 18 percent to 172.50 liras, the highest ever. Netas will increase capital by 58.4 million liras by offering nine bonus shares for each held, subject to regulatory approval, it said in a statement to the Istanbul Stock Exchange after the market closed yesterday.

Rhea Girisim Sermayesi Yatirim Ortakligi AS (RHEAG) , a venture capital investment trust and part-owner of Netas, surged 19 percent to 2.39 liras, the biggest increase since September 2010.

Soktas Tekstil Sanayi & Ticaret AS (SKTAS) , a Turkish company active in textiles and food, jumped the most since August, adding 7.1 percent to 7.22 liras after saying its farming and dairy unit began talks to sell a minority stake to the International Finance Corporation.

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.