Turkish Stocks: Bosch Fren, Ford Oto, Gozde, Halkbank, Vestel
The following were among the active equities in the Turkish stock market today. Stock symbols are in parentheses.
Denizbank AS (DENIZ) , Dexia SA’s unit in Turkey, surged 9.7 percent to 12.45 liras. Qatar National Bank said it was still interested in buying the lender and the deal could be completed as soon as this month, according to a person familiar with the process.
Ford Otomotiv Sanayi AS (FROTO) , Ford Motor Co.’s production unit in Turkey, rose 2.7 percent to 15.10 liras. The company sold a record 141,633 vehicles in Turkey last year, it said in an e-mailed statement today.
Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE) (GOZDE TI), a private equity firm owned by Yildiz Holding AS, jumped as much as 5.4 percent after saying it bid in an auction to buy furnace brick-maker Kumas Manyezit. It later pared its gain to 1.1 percent, closing at 3.54 liras, when the state fund managing the sale said Gozde wasn’t the top bidder. Negotiations for the sale will continue tomorrow.
Turkiye Halk Bankasi AS (HALKB) , a state-run bank, climbed 3.9 percent to 9.62 liras. Halkbank is least exposed to risks from an economic downturn, according to a Goldman Sachs Group Inc. “stress test” on Turkish banks published today.
Vestel Elektronik Sanayi & Ticaret AS (VESTL TI), a manufacturer of televisions and electronic devices, jumped 6.5 percent to 1.96 liras. The company signed a 339.6 million lira ($182 million) contract to install 84,921 interactive boards in classrooms at 3,657 middle schools, it said in a statement to the exchange.
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