Already a Bloomberg.com user?
Sign in with the same account.
Dec. 7 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index rose 0.8 percent to 55,138.85 at the 5:30 p.m. close in Istanbul.
The following stocks were active on the Turkish stock market today. Stock symbols are in parentheses.
Baticim Bati Anadolu Cimento Sanayii AS (BTCIM TI), a cement producer in western Turkey, rose 2.4 percent to 6 liras, in the biggest increase since Nov. 15. Baticim and Batisoke Soke Cimento Sanayii TAS (BSOKE TI), a sister company, said their energy unit signed accords with Turkey’s asset sales agency for 49-year operating rights to two hydropower plants, according to statements to the bourse. Batisoke gained 1.6 percent to 1.28 liras.
Dardanel Onentas Gida Sanayi AS (DARDL TI), a Turkish producer of frozen and canned food, surged 10 percent to 2.12 liras, the highest closing price since May 2000. The stock has gained 45 percent in four days. Dardanel applied to the market regulator to increase its capital during a planned stake sale to Asia Debt Management Hong Kong Ltd. and Turkey’s Yildiz Holding AS, it said in a filing with the Istanbul Stock Exchange today.
Denizbank AS (DENIZ TI), the Turkish unit of Belgium’s Dexia SA, rose 0.4 percent to 13.35 liras, paring earlier gains of as much as 4.5 percent. Russia’s biggest lender OAO Sberbank scrapped a plan to buy Denizbank because of “uncertain market conditions,” Deputy Chief Executive Officer Sergey Gorkov told reporters in Moscow today.
Usas Ucak Servisi AS (UCAK TI), a Turkish airline caterer, advanced 4.1 percent to 3.03 liras, climbing for a second day to the highest close since May 2010. The company’s new owner Turkraft Holding AS will apply to the market regulator to buy Usas shares from minority shareholders at the acquisition price, Turkraft said in a statement to the bourse today. Turkraft agreed to buy a 56.3 percent Usas stake from Gate Gourmet Participations Espana SL for 61.4 million liras ($33.5 million), according to a statement yesterday. The company is worth 109 million liras, according to the transaction price, compared with a market value of 103.6 million liras at today’s close.
--Editor: Mark Bentley
To contact the reporter on this story: Aydan Eksin in Istanbul at firstname.lastname@example.org
To contact the editor responsible for this story: Shaji Mathew at email@example.com