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SECURITIES IN AUSTRALIA'S MACQUARIE AIRPORTS SOAR.
AsiaPulse News, January, 2003
SYDNEY, Jan 22 Asia Pulse - Macquarie Airports (MAp) (ASX:MAP) securities today touched on their highest altitude since becoming a fully paid stock, after Macquarie Bank Ltd offloaded a six per cent overhang in the fund last night.
MAp securities rose as much as three per cent in opening trade to finish one cent higher at A$1.17 (US$0.69).
It was stock's highest close since before October 1 last year when investors paid their second dollar for the securities, first issued at $2.00 on a partly paid basis.
Some 73 million of the securities were traded, pushing $84.5 million through the stock market.
That included the 58.1 million securities sold by Macquarie Bank, which inherited the stake from underwriting the airport fund's $1 billion...
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