Friday, May 6, 2011

TURKEY: Turkish Equity Movers: Baticim, Batisoke, Dogan Yayin, Sinpas



Turkey’s benchmark ISE National 100 Index (XU100) fell for the third day, dropping 551.4806 or 0.8 percent, to 68,823.82 at 3:10 p.m. in Istanbul.

The following stocks were active. Symbols are in parentheses.

Baticim Bati Anadolu Cimento Sanayii AS (BTCIM) , a cement producer, rose for the seventh day to extend an all-time high, gaining 58 kurus, or 5.8 percent, to 10.7 liras. Turkey’s asset sales agency on May 4 invited Baticim Enerji, in which Baticim holds an 80 percent stake, to buy twopower plants by a July 4 deadline. The shares have gained 32 percent since April 29, when the original winner of the auction, Akfen Holding, asked to extend its May 2 deadline to buy the plants, a request that was denied.

Batisoke Soke Cimento Sanayii TAS (BSOKE) , which owns the remaining 20 percent of Baticim Enerji, gained for a seventh day to a more than three-year high, adding 11 kurus, or 5.2 percent, to 2.24 liras.

Dogan Yayin Holding AS (DYHOL) , a newspaper publisher, fell for the third day, dropping 3 kurus, or 1.7 percent, to 1.76 liras. The company got conditional approval from the market regulator to double its capital to 2 billion liras ($1.3 billion) via a rights issue.

Sinpas Gayrimenkul Yatirim Ortakligi AS (SNGYO) , a real- estate investment trust, dropped as much as 4 kurus, or 1.8 percent, after it reported 18.1 million liras of profit in a filing for tax purposes only to the Istanbul Stock Exchange. Sinpas fell 2 kurus, or 0.9 percent, to 2.17 liras.

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