Turkey Stocks: Acibadem, CarrefourSA, Ittifak, Sabanci, Turkcell
Turkey’s benchmark ISE National 100 Index (XU100) fell for a third day, dropping 1,656.52, or 2.9 percent, to 56,323.38. That brings the gauge’s weekly drop to 2.7 percent.
The following stocks were active. Symbols are in parentheses.
Acibadem Saglik Hizmetleri & Ticaret AS (ACIBD TI), a Turkish hospitals chain in which Dubai-based Abraaj Capital Ltd. is looking to sell a stake, jumped 1.15 liras, or 5.1 percent, to 23.75 liras. Bids for the stake are due today, the Wall Street Journal reported, citing unidentified people.
CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CARFA) , the supermarket chain, jumped as much as 7.5 percent after Haci Omer Sabanci Holding AS (SAHOL) , Turkey’s second-biggest group of companies, denied a Reuters report which said it had started buying more shares in the company from European parent Carrefour SA. (CA) The shares closed up 10 kurus, or 0.7 percent, at 14.75 liras.
Sabanci shares dropped 28 kurus, or 4.4 percent, to 6.08 liras.
Ittifak Holding AS (ITTFH TI), a holding company with interests in shopping centers, construction and livestock, added 14 kurus, or 1.9 percent, to 7.60 liras. The company said after the market closed yesterday that it won a 93.8 million lira ($51 million) contract to build a stadium in the central Turkish city of Konya.
Tat Konserve Sanayii AS (TATKS) , a producer of canned and frozen foods, surged as much as 10 percent before closing up 13 kurus, or 4.8 percent, at 2.82 liras. The company signed agreements with real estate consultants to sell its 175,000 square meters of property in the Tuzla district outside Istanbul.
Turkcell Iletisim Hizmetleri AS (TCELL TI), Turkey’s largest mobile phone company, rose 6 kurus, or 0.7 percent, to 8.62 liras. The operator was raised to “neutral” from “sell” at Goldman Sachs Group Inc.
To contact the reporter on this story: Benjamin Harvey in Istanbul at firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com