Turkey Stocks: Coca-Cola Icecek, Goldas, THY, Vakifbank Move
The following stocks were active.
Coca-Cola Icecek AS (CCOLA) , the bottler of Coca-Cola drinks in Turkey, gained 4.4 percent to 24 liras before posting results just after the market close today. The company posted a third-quarter profit of 64.8 million liras ($36.5 million), less than the 81.1 million-lira average estimate of 10 analysts in a Bloomberg survey.
Goldas Kuyumculuk Sanayi Ithalat & Ticaret AS (GOLDS TI), a jewelry producer, gained 3.2 percent to 64 kurus, rising for the first day in seven. Goldas signed a license with Warner Brothers Consumer Products Inc. to design and make Lord of the Rings branded jewelry, following a similar agreement with Mattel Europa earlier this month to design and make Barbie branded jewelry.
Turkiye Vakiflar Bankasi TAS (VAKBN TI), a state-run bank, surged 5.5 percent to 3.08 liras, its biggest increase since Sept. 20. Vakifbank reported third-quarter earnings of 316.1 million liras, 41 percent higher than last year and exceeding estimates.
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