Akfen Recovers From Slump After Auction Upset: Istanbul Mover
By Taylan Bilgic - Feb 1, 2013 12:21 PM ET
Akfen Holding AS (AKFEN) jumped the most in 20 months, rebounding after a selloff caused by the Turkish builder’s elimination from a natural gas grid auction.
The stock climbed 8.8 percent to 11.1 liras at the close in Istanbul, the biggest leap since May 2011. The number of shares traded was more than 2 1/2 times the stock’s three-month daily average volume. Akfen slumped 13 percent over the two days to Jan. 28.
More:Akfen Recovers From Slump After Auction Upset: Istanbul Mover - Bloomberg
