logo-loader

Coronavirus share price contagion starts to spread

A look at some of the day's major movers on Monday.

easyJet plc -

It's shaping up to be a bad week to be holding travel stocks following weekend revelations of towns in Italy being put into quarantine lock-down.

Shares in easyJet PLC (LON:EZJ) and Ryanair Holdings plc (LON:RYA) were down 9.5% and 8.5% respectively; Wizz Air Holdings PLC (LON:WIZZ) was off 5.7%; British Airways owner International Consolidated Airlines Group (LON:IAG) tumbled 7.0%; Jet2 owner Dart Group PLC (LON:DTG) fell 5.0% while package tour operator TUI AG (LON:TUI) slumped 8.9%.

Cruises operator Carnival PLC (LON:CCL) was also caught in the fall-out and was down 5.4%.

Another stock hit by the coronavirus (COVID-19) is Judges Scientific PLC (LON:JDG), the scientific instruments group.

Despite protesting that it doesn’t currently expect the coronavirus outbreak to have a significant impact on 2020 trading, the shares slipped 6.8% to 5,250p.

Direct and indirect supply from China varies from business to business in the group, the company revealed, adding that only one subsidiary has significant supply chain exposure to the People's Republic.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Enthusiasm of Belvoir Group franchisees during crisis has been incredible...

Dorian Gonsalves, chief executive of Belvoir Group PLC, says the company’s franchisees will be ready to go straight out and start letting again as soon as the lockdown is lifted. Belvoir is actively transacting business on all sides except estate agency, where transactions have all but...

14 hours, 12 minutes ago

2 min read