Macquarie Airports' (MAp) move last week to internalise its management and separate its control from the overall Macquarie Group was met with a flurry of anticipation and a trading freeze. However, most of the share price gains from earlier in the week were lost on Friday, as intense trading saw MAp’s stock lose 6.8%, to finish the day at AUD2.47. Trading this morning saw its share price drop even lower, down to AUD2.37.
Auckland Airport (AIAL) saw its share price rise 4.9% on Friday, after recent changes proposed by the New Zealand Government to dilute the Overseas Investment Act raised speculation that part of the airport could be subject to another overseas takeover bid. A partial takeover attempt by the Canada Pension Plan Investment Board for the airport failed mid-way through last year.
Airports of Thailand rose 8.0% in trading on Friday, continuing its recent volatile run.
Selected airports daily share price movements (% change): 24-Jul-09
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