Malaysia Airports Holdings Malaysia (MAHB) share price rose promptly after the arrival of the first batch of vaccines in Malaysia on February 21, 2021.
At the time, the share price of MAHB was increasing after a plunge on January 20, 2021 and the price dropped once again on the February 18, 2021.
After the vaccines arrived in Malaysia, the price of MAHB shares surged 9.98% from the drop on February 18 at RM5.41 to RM5.95 on February 22.
Previously, share price of MAHB used to be around RM7 to RM8 before Covid-19 became a global threat to air travel and tourism.
According to the historical financial result of the company, the group had a stable net profit prior to the Covid-19 pandemic.
By the second quarter of 2020, the net profit has decreased significantly, and the company made more losses during the third quarter of 2020.
Nonetheless, the vaccine rollout plan has made MAHB to be one of the top gainers during the trading session on February 22, 2021 as more investors becomes confident that it will improve the air traffic.