Turkish Equity Movers: Aksa Enerji, Finansbank, Yapi Kredi Move
The following stocks were active. Symbols are in parentheses.
Aksa Enerji Uretim AS (AKSEN) , an electricity producer, surged 33 kurus, or 8.7 percent, to 4.14 liras, its biggest-ever one-day gain. Goldman Sachs Group Inc. will buy 26.5% of the company from Kazanci Holding for $450 million, or 5.05 liras a share, Aksa Chairman Cemil Kazanci said in a telephone interview.
Finansbank AS (FINBN TI), the bank owned by National Bank of Greece, tumbled 7 kurus, or 1.6 percent, to 4.23 liras, its lowest since September 2010. The bank sold a portfolio of non- performing loans worth 288 million liras ($167 million) to LBT Varlik Yonetimi AS for 17.5 million liras.
Yapi & Kredi Bankasi AS (YKBNK TI), the bank part-owned by UniCredit SpA, gained 10 kurus, or 2.6 percent, to 3.90 liras. Morgan Stanley added Yapi Kredi to its eastern Europe, Middle East and Africa “best ideas” list.
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