Bloomberg News

Turkish Stocks: Banvit Bandirma, Netas Move in Istanbul

July 18, 2012

Turkey’s benchmark ISE National 100 Index (XU100) fell for a second day, declining less than 0.1 percent to 62,444.93 at the close in Istanbul.

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

Banvit Bandirma Vitaminli Yem Sanayii AS (BANVT) , a Turkish poultry producer, climbed for a second day, adding 0.5 percent to 4.14 liras. The company purchased a poultry complex in the eastern province of Elazig for 12.3 million liras ($6.8 million), it said in a statement to the Istanbul Stock Exchange after the market closed yesterday.

Netas Telekomunikasyon AS (NETAS) , an Istanbul-based maker of telecommunications equipment, plunged 14 percent to 147 liras, the steepest drop in more than 3 1/2 years, after one of its owners put up shares for sale. Oep Rhea Turkey Tech BV, which controls 3.15 million shares in Netas, or a 48.6 percent stake, registered 744,123 shares for sale, according to a regulatory filing from owner Rhea Girism Sermayesi Ortakligi AS after the market closed yesterday. Oep Rhea also recorded 366,684 Netas shares for sale on May 4.

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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