MAHB among Top Losers after a Decline in Passenger Count during 1Q21

Announcement of Malaysia Airports Holdings Bhd (MAHB) March 2021 passenger traffic snapshot has led them to be within Bursa’s top losers yesterday.


MAHB shares have fallen 2% or 15 Sen to RM6.18 on April 19th after news that the passenger count has declined 76.8% in the first quarter of this year (1Q21) after the government reimpose Movement Control Order (MCO) on January 13th, 2021.


MAHB also reported that domestic and international passenger movements are down severely with a decline of 68% and 87.3% respectively in 1Q21.



MAHB’s stock price has been increasing since February 22nd after the news of Pfizer vaccine first arrived in Malaysia and later March 9th after their COO, Azmi Murad retires.


The stock would later fluctuate in late March leading to another downward trend on April 12th.



Looking at the insider trade data, the news exposure does influence the trading volume of MAHB until August.


After August 30th, the news exposure mirrors the trade volume thus showing that the trade activity is influenced by news exposure.