KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Malaysia saw a significant increase in air passenger traffic in June 2024, with a year-on-year rise of 12.1%, driven by a surge in domestic travel during the public holiday period. The total air passenger traffic for June reached 8.1 million people.
Key Points:
- Monthly Increase: Air passenger traffic rose 2.3% from May to June 2024.
- Domestic vs. International: Traffic in June was evenly split between domestic and international flights, each making up 50% of the total.
- Pre-Pandemic Levels: Overall traffic in June was at 86.5% of pre-pandemic levels (June 2019), which stood at 9.4 million.
- Domestic Flights: Domestic air passenger traffic increased by 4.2% month-on-month to 4.1 million in June, up from 3.9 million in May.
Air Cargo Traffic:
- Second Quarter Growth: Air cargo traffic in Q2 2024 increased by 5.5% to 241,895 metric tons from 229,195 metric tons in Q2 2023, driven by a surge in international cargo due to disruptions in the Red Sea.
- Quarterly Increase: On a quarter-on-quarter basis, air cargo movement rose 6.4% from 227,365 metric tons in Q1 2024.
- Pre-Pandemic Levels: Overall air cargo movement in Q2 2024 reached 102.9% of pre-pandemic levels, with domestic cargo at 119.8% and international cargo at 98.5%.
First Half of 2024 (1H2024):
- Passenger Traffic Growth: Total air passenger traffic grew 15.3% to 46.6 million, up from 40.4 million in the same period in 2023.
- International Passenger Traffic: Increased by 35.9% to 24 million, from 17.6 million in 1H2023.
- Domestic Passenger Traffic: Slightly decreased by 0.7% to 22.6 million, from 22.8 million.
Statements:
Datuk Seri Saripuddin Kasim, Executive Chairman of Mavcom:
- Encouragement: "We are encouraged by the steady recovery and growth in both passenger and cargo traffic."
- Positive Trends: "The increase in international routes and flight frequencies signals a positive trend towards the global normalization of air travel."
This significant rise in both passenger and cargo traffic reflects a robust recovery in Malaysia's aviation sector, signaling a move towards pre-pandemic normalcy.
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