ASUR, GAP, OMA and Copenhagen Airport higher, MAp, AoT and Zurich Airport fall – Share Wrap
Mexican airport operators OMA, GAP and ASUR rose 2.3%, 1.6% and 1%, respectively, on Friday. The Conference Board released its Leading Economic Index for Mexico on Friday for Mar-2009, which showed some improvement, rising 1.3%. While the first gain in the Index since Jul-2008 is welcome, The Conference Board noted the recent behavior of the composite economic indexes "suggests that the contraction in economic activity will continue and is likely to remain deep in the near term".
Investors appear to be taking the 'glass half full' approach toward Mexican airports, even as the swine flu outbreak continues to spread. 53 countries have now reported 15,510 cases.
Elsewhere, Copenhagen Airports' shares rose 4.2%, while Macquarie Airports' (MAp) shares eased 2.3%. Airports of Thailand (-4.8%) was also hit by a profit warning by Thai Airways, while Zurich Airport's shares fell back 5.5% on Friday.
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Selected airports daily share price movements (% change): 29-May-09
Source: Centre for Asia Pacific Aviation & Yahoo! Finance