30-Jul-2009 1:30 PM
Macquarie Airports falls on exit from JAT, Ferrovial down on mixed 1H2009 results from BAA
Analysis
Worldwide airport shares were generally lower yesterday, led by Chinese airports, including Shenzhen, Xiamen, Beijing and Shanghai airports, which dropped 6.3%, 5.9%, 5.8% and 5.1%, respectively on profit taking after recent gains. Macquarie Airports' (MAp) shares followed closely behind, down 4.2%, following the closing of Japan Airport Terminal's (JAT) buy back offer for up to 22% of its shares, including MAp's entire 14.9% stake (see below). Shares in JAT gained 0.2% yesterday.
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