Turkey Stocks: Afyon, Akfen, Fenerbahce, Hurriyet, Trakya Cam
The following stocks were active. Symbols are in parentheses.
Afyon Cimento Sanayi TAS (AFYON) jumped 19.25 liras, or 21 percent, to 109.75 liras, its biggest gain since January 2010. Limak Holding may bid for the cement maker and the sale process could be completed in two to three months, Reuters reported, citing Limak’s Chairman Nihat Ozdemir.
Akfen Holding AS (AKFEN) , a builder, surged 68 kurus, or 8.5 percent, to 8.64 liras, its biggest gain since May 31. The company may buy back as many as 10 million shares at as much as 2.28 liras each after the Capital Markets Board passed regulations allowing companies to buy back their stock, it said.
Fenerbahce Sportif Hizmetler Sanayi & Ticaret AS (FENER TI), the merchandising arm of Istanbul’s Fenerbahce soccer club, slumped for the first time in five days, dropping 4.75 liras, or 8.4 percent, to 52 liras. A fifth round of questioning in the Turkish soccer league match-fixing probe that’s led to the imprisonment of club chairman Aziz Yildirim started today, according to Hurriyet newspaper.
Hurriyet Gazetecilik AS (HURGZ) , publisher of the Hurriyet newspaper, jumped 5 kurus, or 5.6 percent, to 94 kurus, the highest since Aug. 4. The company started work to develop 58,610 square meters (630,872 square feet) of property in Istanbul, including its headquarters in the Gunesli district, and may sell the properties or find strategic partners to develop them, it said today.
Trakya Cam Sanayi AS (TRKCM) , a glassmaker, declined 5 kurus, or 1.6 percent, to 3.05 liras, extending its decrease this month to 15 percent. The company will be removed from the MSCI index of small-cap companies on Aug. 31.
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