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14-Apr-2009 11:15 AM

Quiet day for airport shares, outlook for Korea improves - SHARE WRAP

Analysis

Only a handful of airport companies traded yesterday, with Mexican airport operators OMA, ASUR and GAP shares performing well, up 4.4%, 4.2% and 2.7%, respectively.

Korea Airport Service Co Ltd shares rose 3.1%, as the Bank of Korea kept its interest rate unchanged yesterday for a second month, reflecting signs the economy's slump may be easing. Last Thursday, The Conference Board stated slight improvements in recent economic indexes for Korea since the beginning of this year "suggests the economic conditions will remain weak in the near term; however, the current contraction may become somewhat less severe".

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Selected airports daily share price movements (% change): 13-Apr-09

Source: Centre for Asia Pacific Aviation & Yahoo! Finance.

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