MAS Share Plunges Following MH17 Incident
21 July 2014 20:44 WIB
TEMPO.CO, Jakarta - Malaysia Airlines shares continue to drop after the recent Malaysia Airlines flight MH17 incident, which was shot down over Ukraine airspace on July 17, 2014. The drop inevitably affects the airline’s image, especially since their share prices have not fully recovered after the flight MH370 incident last March.
During yesterday's trading session at the Kuala Lumpur Stock Exchange, Malaysia Airlines shares (MAS) was experiencing a RM 2.5 cents correction to a level of RM 0.20 (US$ 0.06), which equals to a 11,11 percent drop during the previous day trade.
The decreasing value of MAS shares caused a total drop of 35 percent of the company's shares during the year. In early 2014, MAS share prices remains stable at a level of RM 0.31 (around US$ 0.1).
On the other hand, Garuda Indonesia shares (GIAA) in Indonesia's Stock Exchange remained stable at Rp 434 (around US$ 0.04) per share while Singapore Airlines share remained at SGD 10.4 (around US$ 8.4) per share.
RAYMUNDUS RIKANG R.W