Ticker	Volume	Price	Price Delta
DJIA	15,387.60	+52.30	0.34%
S&P 500	1,669.16	+2.87	0.17%
Nasdaq	3,502.12	+5.69	0.16%

Ticker

Volume

Price

Price Delta

DJIA

15,387.60

+52.30

0.34%

S&P 500

1,669.16

+2.87

0.17%

Nasdaq

3,502.12

+5.69

0.16%

Ticker	Volume	Price	Price Delta
STOXX 50	2,820.60	-1.05	-0.04%
FTSE 100	6,787.15	-16.72	-0.25%
DAX	8,462.91	-9.29	-0.11%

Ticker

Volume

Price

Price Delta

STOXX 50

2,820.60

-1.05

-0.04%

FTSE 100

6,787.15

-16.72

-0.25%

DAX

8,462.91

-9.29

-0.11%

Ticker	Volume	Price	Price Delta
Nikkei	15,627.30	+246.24	1.60%
Hang Seng	23,261.10	-105.29	-0.45%
S&P/ASX 200	5,165.37	-14.69	-0.28%

Ticker

Volume

Price

Price Delta

Nikkei

15,627.30

+246.24

1.60%

Hang Seng

23,261.10

-105.29

-0.45%

S&P/ASX 200

5,165.37

-14.69

-0.28%

Akfen Recovers From Slump After Auction Upset: Istanbul Mover

By Taylan Bilgic - 2013-02-01T17:21:30Z

Akfen Holding AS (AKFEN) jumped the most in 20 months, rebounding after a selloff caused by the Turkish builder’s elimination from a natural gas grid auction.

The stock climbed 8.8 percent to 11.1 liras at the close in Istanbul, the biggest leap since May 2011. The number of shares traded was more than 2 1/2 times the stock’s three-month daily average volume. Akfen slumped 13 percent over the two days to Jan. 28.

The company was eliminated in the Jan. 25 auction of Baskent Dogalgaz Dagitim, Ankara’s natural gas grid.

“The stock was seriously punished, and is now being forgiven,” Sezai Saklaroglu, an analyst at Istanbul-based Erste Securities, said in a phone interview today. “There was nothing to necessitate that sharp decline.”

To contact the reporter on this story: Taylan Bilgic in Istanbul at tbilgic2@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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