AirAsia Group Berhad and AirAsia X Berhad was fiercely trade on February 10, driven by news of private placement that worth RM250 million.
AAX stocks was amongst the most traded stock in 10th of February, with 143 million share changed hand, while Airasia was the 9th most traded stock, with 67 million share changed hand.
AirAsia had on January 21 announced it would undertake a private placement with the issuance of 668.4 million shares to raise up to RM454.5 million to finance its working capital, among others.
Despite being the most traded stock, Dnex volume decreased substantially on 10th of February., while Airasia and Airasia X see an uptick.
AirAsia Group Berhad and Airasia X was hurt by the pandemic badly due to the restriction on travelling happening in Malaysia.
Airasia Group was in red since March 2020, with almost no revenue done on 2nd quarter of 2020. However, prior to the pandemic, the airline started making losses since 2nd quarter of 2019.