The drop in Crude Oil has benefitted some

The drop in the price of Crude Oil has benefitted the airlines as well as other transportational stocks. Both airlines listed on Bursa i.e. MAS and Airasia have seen their share price recovering substantially in the past few days.

MAS, which was trading below RM3.00 at the end of August, has rallied to close at RM3.50 yesterday. From the weekly chart (Chart 1), we can see that MAS is likely to have commenced on its uptrend after breaking above the RM3.00/10 level.

















Chart 1: MAS' weekly chart as at September 28


















Chart 2: MAS' daily chart as at September 28

Airasia has similarly staged a strong rally, which saw the share price breaking out of its bottoming range between RM1.30-1.40, to reach a high of RM1.64 on September 22 (see Chart 3 & 4 below).

















Chart 3: Airasia's daily chart as at September 28


















Chart 4: Airasia's weekly chart as at September 28

Airport has also recovered although at a more subdue pace. Its share price has jumped 16 sen to RM2.01 as at 4.00 p.m. today (see Chart 5 below).

















Chart 5: Airport's weekly chart as at September 28

Finally, PLUS- which has suffered a drop in the growth rate of its traffic volume because of higher gasoline prices- has also seen its share price recovering.

















Chart 6: PLUS' weekly chart as at September 28