MAp, BAA parent and Fraport falls back while Chinese airports bounce back

MAp’s shares lost ground yesterday, sliding 3.1%. Shares in the infrastructure fund gained 1.0% the previous trading day following the finalisation of the agreement to divest its 35.5% interest in Bristol Airport to Ontario Teacher’s Pension Plan and acquire a further 3.9% stake in Copenhagen Airport.

Also in the Asia Pacific region, Auckland Airport’s shares continued their recent positive performance, gaining 2.0%. Rival airport, Christchurch Airport, reported a 1.3% decline in passenger numbers in Nov-2009, on the back of a 10.5% fall in aircraft movements.

In Europe, shares in BAA parent, Ferrovial and Fraport also lost ground, easing 0.9% and 0.1%, respectively, while Aeroports de Paris went against the trend, gaining 0.7%.

Selected airports daily share price movements (% change): 23-Dec-2009