Malaysia Airports rises on strong traffic. GAP trading resumes
Malaysia Airports' shares rose 0.4% as the operator reported a healthy increase in throughput in Apr-2010.
- Malaysia Airports reported a significant increase in passenger throughput in April 2010, leading to a 0.4% rise in shares.
- Total passenger movements across all airports rose by 14.5% YoY, driven by a 21.3% increase in international traffic at Kuala Lumpur International Airport.
- Cargo volumes experienced a substantial surge of 19.6% across the group, with Kuala Lumpur International Airport leading the way with a 30.6% increase.
- Mexican airport operator, GAP, saw a 0.9% rise in shares in New York but experienced a decline of up to 6.7% on the local exchange after a trading halt was lifted due to a shareholders' dispute.
- Shanghai and Sydney stock exchanges were closed on June 14, 2010, due to a public holiday.
- The Centre for Asia Pacific Aviation, Yahoo! Finance, and Reuters were the sources for the selected airports' daily share price movements.
Total passenger movements (all airports) rose 14.5% year-on-year, driven by a 21.3% increase in international traffic at Kuala Lumpur International Airport.
Cargo volumes surged 19.6% across the group, led by KLIA, where total volumes were up 30.6%.
GAP trading resumes after suspension
Shares in Mexican airport operator, GAP, rose 0.9% in New York, but fell as much as 6.7% on the local exchange before closing down 2.7% after a trading halt (which commenced on 02-Jun-2010) was lifted. The company updated regulators about a shareholders' dispute, prompting the resumption in trading.
Selected airports daily share price movements (% change): 14-Jun-2010
Source: Centre for Asia Pacific Aviation, Yahoo! Finance & Reuters
*Shanghai & Sydney stock exchanges closed due to public holiday on 14-Jun-2010