Chinese airport shares up strongly, Auckland airport down despite traffic growth
Chinese airport shares reported strong growth on Monday, led by Beijing Airport (+5.9%) and Hainan Meilan Airport (5.7%). Morgan Stanley forecast a strong probability of continued growth in Hainan Meilan’s share price over the next 30 days, as the company acquires assets from parent, HNA Group, and considers issuing A shares.
Auckland Airport reported a 0.5% share drop on Monday, as it announced its Oct-2009 traffic highlights. The airport saw domestic passenger traffic up 3.3% in the month, while international traffic rose 1.9%.
Selected airports daily share price movements (% change): 23-Nov-09