Bloomberg News

Galatasaray Surges, Fenerbahce Falls After Match

May 14, 2012

(Corrects share price in last paragraph.)

Galatasaray Sportif Sinai & Ticari Yatirimlar AS (GSRAY), the merchandising unit of soccer team Galatasaray, surged in Istanbul after the team won Turkey’s soccer championship at the weekend.

Galatasaray Sportif jumped 10 percent to 218.5 liras at 9:50 a.m., in the biggest increase since March 29. Galatasaray became this season’s champion in Turkey’s top soccer league after a goalless draw with local rival Fenerbahce on May 12.

Fenerbahce Sportif Hizmetler Sanayi & Ticaret AS (FENER) slid 7.8 percent to 53.25 liras, falling the most since Dec. 5.

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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