30-Jun-2009 12:15 PM
China Southern advances, Qantas, Malaysia Airlines and Japan Airlines lower - Share Wrap
Analysis
Shares in China Southern advanced 6.8% on Monday (29-Jun-09), despite an unwelcome 22% increase in local jet fuel rates on 29-Jun-09, the second increase in as many months. NYMEX and Brent oil prices jumped on Monday, exceeding USD70/barrel, as prices continue to rebound from the Feb-2009 lows of around USD30/barrel.
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