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Airport shares soar as markets shrug off economic blues - share price wrap

Airport operators around the world had a rare positive day, reflecting broader market sentiment. Airport shares were up virtually across the board, with the exception of Copenhagen Airport (-4.8%), which continues to suffer from concerns about its traffic and financial outlook.

US shares closed higher for a fourth consecutive day on 28-Jan-09 on optimism that US President Barack Obama was moving swiftly to rescue the banking sector. The Dow Jones Industrial Average gained 200.72 points (+2.46%) to 8,375.45.

European shares also closed higher on 28-Jan-09, as financial stocks surged on improved sentiment and energy shares tracked a rise in crude, while Asian shares closed higher helped by gains on Wall Street and a jump in banking and technology stocks. Overall, equity markets appear to have shrugged off the latest gloomy assessment of the outlook for growth from the IMF.

Selected airports daily share price movements (% change): 28-Jan-09