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27-Nov-2009 1:45 PM

Chinese and European airport shares trade down – Airports Share Wrap

Analysis

International markets fell on Thursday with the fallout from Dubai World's request to delay payment on USD60 billion in debt, with Asian, European and South American markets all down. US markets were closed, due to the Thanksgiving holiday.

Chinese and European airports fell heavily. Xiamen was down 5.8%, while Shanghai lost 3.8% and Guangzhou Baiyun was down 3.7%. Hainan Meilan continues its upward surge, going against the market gaining 1.4%.

In Europe Ferrovial (-5.2%) and Fraport (-3.8%) were both strongly affected, while Vienna (-3.3%) and AdP (-3.1%) also traded down.

Asian airport operators and companies performed better. MAp and Australian Infrastructure Fund were up 0.4% and 0.3% respectively. Korean Airports was up 2.5%, while Infratil gained 2.6%.

Selected airports daily share price movements (% change): 26-Nov-09


Source: Centre for Asia Pacific Aviation & Yahoo! Finance

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