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AirAsia down after rising on special dividend cue

Mimi Sabreena 4:01:00 PM Informasi

KUALA LUMPUR (March 2): AirAsia Bhd shares fell with the broader market after the stock rose as much as 15 sen or 3% to RM4.75. The stock had earlier risen on expectation of special dividends after the budget airline said it is divesting its aircraft leasing operations for US$1.185 billion (approximately RM4.62 billion).

At 9:39am, AirAsia shares fell two sen to RM4.58 with some five million units transacted. The stock was traded between RM4.75 and RM4.50 so far today.

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