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Boyner, Isiklar Yatirim, Sinpas: Turkey Equity Market Preview

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April 19 (Bloomberg) -- The following stocks may be active in Turkey. Symbols are in parentheses and prices are from the last close.

Turkey’s benchmark ISE National 100 index fell 1,842.88, or 2.7 percent, to 66,607.58 yesterday.

Boyner Buyuk Magazacilik AS (BOYNR TI): The Turkish department store chain was raised to “market outperformer” on higher growth potential by equity analyst Melda Agirdas at Ekspres Invest, according to an e-mailed report today. The price estimate is 5 liras, Ekspres said. Boyner dropped 9 kurus, or 2.3 percent, to 3.91 liras.

Isiklar Yatirim Holding AS (ISYHO TI): The Turkish group active in construction, foundry and energy said its unit Ozisik Insaat & Enerji AS sold its stake in a power plant to Enerjisa Enerji Uretim AS, the Turkish joint venture between Verbund AG and Haci Omer Sabanci Holding AS (SAHOL TI), for $8.9 million, according to a statement to the Istanbul Stock Exchange after the market closed yesterday. Isiklar declined 7 kurus, or 6.3 percent, to 1.05 liras. Sabanci fell 12 kurus, or 1.5 percent, to 7.84 liras.

Sinpas Gayrimenkul Yatirim Ortakligi AS (SNGYO TI): The Turkish real-estate company agreed to buy an ongoing apartments project in northwestern Bursa city for $50 million from its partners Nergis Group and Savings Deposit Insurance Fund. Sinpas dropped 13 kurus, or 6.1 percent, to 1.99 liras.

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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