Malaysia Airports shows strongly. Shanghai, Beijing and Guangzhou Airports all slip

Reporting a relatively healthy outlook - in the current environment - Malaysia Airports yesterday announced it expects continued growth next year of 1-2% in passenger numbers, along with improved retail performance. This pushed its share price up 6.9% on the day.

Otherwise, investors were reasonably kind to airports, with the exception of China's main centres, as the Chinese economy stalls and traffic growth figures lose momentum. All three main hubs, (Shanghai (-2.8%), Beijing (-1.9%) and Guangzhou (-1.6%) all lost ground.

ASUR (+3.8%) Ferrovial (+3.6%), AIF (+3.3%) all shoed good gains and Hochtief continued its upward move following this week's good news.

Selected airports daily share price movements (% change): 09-Dec-08