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Aviation stocks fell in early trading in the Hong Kong stock market. September is the traditional off-season for the market, and weak business travel may hinder overall recovery progress.
Aviation industry stocks fell across the board in early trading. As of the time of writing, Air China Limited (00753) fell 3.45% to HKD 3.08; China Southern Airlines (01055) fell 3.04% to HKD 2.55; China Eastern Airlines (00670) fell 2.01% to HKD 1.95; Beijing Capital International Airport (00694) fell 1.36% to HKD 2.17.
Aviation stocks fell across the board, Meilan Airport (00357) fell 5.18%, institutions pointed out that they entered the traditional off-season in September, and both volume and price have significantly declined.
Aviation stocks fell across the board, with Meilan Airport (00357) down 5.18%, BOC Aviation (02588) down 3.13%, Beijing Capital Airport (00694) down 2.67%, China Southern Airlines (01055) and China Eastern Airlines (00670) also following the downward trend. GTJA points out that the peak travel season continues until the end of August, and September enters the traditional off-season, with both volume and price significantly declining, although passenger traffic is still higher than in 2019. The Mid-Autumn Festival holiday is mainly characterized by short-distance private travel, while public and business travel are lacking, which will lead to a slight downturn in the aviation market. In 2024, the aviation market supply and demand will recover and the aviation industry will
Hong Kong shares fluctuate | Beijing Capital International Airport (00694) falls by over 5% again. Non-aviation business recovery in the first half of the year is relatively lagging. Institutions have lowered the company's profit forecast.
Beijing Capital International Airport (00694) fell more than 5% again. As of the time of writing, it fell 4.27% to HKD 2.24 with a trading volume of HKD 14.3065 million.
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