Bloomberg News

Turkish Stocks: Anadolu Efes, CarrefourSa, Ihlas Madencilik Move

July 16, 2012

Turkey’s benchmark ISE National 100 Index (XU100) fell 0.2 percent to 62,567.98 at 12:07 p.m. in Istanbul.

The following shares are active. Stock symbols are in parentheses.

Anadolu Efes Biracilik & Malt Sanayii AS (AEFES) , a Turkish beermaker, rose 0.4 percent to 23.60 liras, advancing for a second day. EFG Istanbul Securities added the shares to its “top picks” list, according to an e-mailed report from EFG today, which cited strong revenue growth and the stock’s underperformance relative to peers.

CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CARFA) , the Turkish unit of Carrefour SA, surged 9.2 percent to 17.15 liras, the biggest gain since February, after Chairman Haluk Dincer and three board members resigned. Carrefour, the world’s second-largest retailer, won’t exit Turkey and may change its partner in CarrefourSA, HaberTurk newspaper reported on June 21, citing Carrefour board member Thomas Huebner.

Ihlas Madencilik AS (IHMAD) , a Turkish mining company, jumped the most in more than two months, adding 6 percent to 3.19 liras, after saying it planned to sell its factory building in Gaziantep, southeastern Turkey, for about 19 million liras ($10.5 million)

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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