AirAsia shares come under selling pressure, but most analysts maintain ‘buy’ calls

HLIB Research expects AirAsia group to further cut yields next year. — AFP

PETALING JAYA: The missing Indonesia AirAsia’s (IAA) QZ8501 flying from Surabaya to Singapore caused a knee-jerk reaction on the trading in AirAsia Bhd, AirAsia X Bhd and Tune Insurance Bhd.

The counters fell to an intraday low of RM2.56, 61 sen, RM1.53 respectively. The three counters ended the day at RM2.69 (-8.5%), 63 sen (-8%) and RM1.75 (-0.6%), respectively.