AirAsia among hot counters on Bursa Malaysia

KUALA LUMPUR, Oct 11 — AirAsia Group Bhd and AirAsia X Bhd emerged as active counters with 107.93 million and 88.73 million of their shares were traded, respectively, in early trade on Monday, thanks to the resumption of interstate and international travels.

At 10.45 am, AirAsia Group jumped 8.4 percent or 10 sen to RM1.29 while AirAsia X soared 24 percent or two sen to 10.5 sen.

Airport operator Malaysia Airports Holdings Bhd (MAHB) advanced 17 sen to RM6.97 as the market anticipated rising travelers and flight numbers domestically following the lifting of bans on interstate travel and overseas movement for Malaysians who have been fully vaccinated from today.

However, cross-state travel is not allowed in areas placed under the Enhanced Movement Control Order (EMCO).

The government has also agreed to allow Malaysians to travel abroad without the MyTravelPass (MTP) of the Immigration Department.

Prime Minister Datuk Seri Ismail Sabri Yaakob during a special press conference on Sunday said travelers were still required to undergo quarantine upon returning to the country.

“The Health Ministry will be evaluating the opening of national gateways to foreign tourists and it would be announced soon,” he said.

The decision was made after 90 percent of the adult population in the country have been fully vaccinated under the COVID-19 National Immunisation Programme (NIP).

— BERNAMA