Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Turkish Equity Movers: Aksa Enerji, Eregli Demir, Yapi Kredi

March 15 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index declined 316.12, or 0.5 percent, to 64,213.93 at the 5:30 p.m. close of trade in Istanbul.

The following stocks were active. Symbols are in parentheses.

Aksa Enerji Uretim AS (AKSEN TI), the power utility, fell 2 kurus, or 0.5 percent, to 4.47 liras. Aksa said net income last year fell to 59.6 million liras ($38 million) from 83.1 million liras in 2009, according to a statement to the Istanbul Stock Exchange after the market closed yesterday. The company was expected to report profit of 76.6 million liras, according to the average estimate of eight analysts in a Bloomberg survey.

Eregli Demir & Celik Fabrikalari TAS (EREGL TI), Turkey’s biggest steelmaker, rose 26 kurus, or 7 percent, to 3.94 liras, the biggest gain since Aug. 25, 2009. The company reported a profit of 766 million liras compared with a loss a year ago in a filing to the exchange late yesterday. It was expected to earn 692.5 million liras, according to the average estimate of 19 analysts.

Yapi & Kredi Bankasi AS (YKBNK TI), the Turkish lender part-owned by UniCredit SpA, rose 4 kurus, or 0.9 percent, to 4.63 liras. Yapi Kredi will not pay any dividend from 2010 profit, which will be used for provisioning, the bank said in a statement to the bourse after the close yesterday.

To contact the reporter on this story: Steve Bryant in Ankara at sbryant5@bloomberg.net.

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.