The following were among the active equities in the Turkish market today. Stock symbols are in parentheses.
Arcelik AS (ARCLK) , Turkey’s biggest supplier of home appliances, gained 3.1 percent to 6.72 liras, rising for a third day. The government and the home appliances industrialists’ association plan campaigns to encourage households to renew about 15 million appliances with newer, energy-efficient ones, Hurriyet newspaper said, citing Energy Minister Taner Yildiz.
Vestel Elektronik Sanayi & Ticaret AS (VESTL) , a producer of television and other electronic devices, jumped 4.3 percent, its biggest gain since Dec. 22, to 1.95 liras.
Turkiye Halk Bankasi AS (HALKB) , a state-run bank, fell 2.7 percent to 9.78 liras on concern it may be affected by further sanctions on financial institutions dealing with Iran.
Tupras Turkiye Petrol Rafinerileri AS (TUPRS) , Turkey’s sole oil refiner, lost 0.5 percent to 38.50 liras, extending yesterday’s 6.5 percent slump. The company imports oil from Iran.
Yapi Kredi Sigorta AS (YKSGR) , an insurer, dropped 0.8 percent to 12.10 liras. Oyak Securities downgraded the company to “underperform,” according to a report published after the market close yesterday.
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Source : blomberg.com
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