Malaysia Airports rises on strong traffic. GAP trading resumes
Malaysia Airports’ shares rose 0.4% as the operator reported a healthy increase in throughput in Apr-2010.
Total passenger movements (all airports) rose 14.5% year-on-year, driven by a 21.3% increase in international traffic at Kuala Lumpur International Airport.
Cargo volumes surged 19.6% across the group, led by KLIA, where total volumes were up 30.6%.
GAP trading resumes after suspension
Shares in Mexican airport operator, GAP, rose 0.9% in New York, but fell as much as 6.7% on the local exchange before closing down 2.7% after a trading halt (which commenced on 02-Jun-2010) was lifted. The company updated regulators about a shareholders' dispute, prompting the resumption in trading.
Selected airports daily share price movements (% change): 14-Jun-2010