Mexican airports suffer, Fraport, AdP, Copenhagen lower


Mexico's airport operators extended recent share price losses, with OMA (-8.3%), GAP (-7.2%) and ASUR (-7.0%) all sold heavily on 14-Jan-09. Stock markets across Latin American tumbled as investors reached to a larger than expected fall in US retail sales in Dec-08. Mexico ships approximately 80% of total exports to the US.

  • Mexican shares suffer as US retail sales sag in Dec-08.

Mexico's benchmark IPC index fell 3.2% and Brazil's benchmark Ibovespa stock index dropped 4%

Elsewhere, airport stocks suffered in Europe, with Aeroports de Paris (-4.6%) and Fraport (-3.8%) falling in line with the broader Paris and German stock indexes. Copenhagen Airports shares eased 4.4%.

Selected airports daily share price movements (% change): 14-Jan-09

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More