KUALA LUMPUR: Airline and travel stocks flew higher in early trade Monday after the Government eased rules for overseas and interstate travel.
AirAsia Group rose 9.24%, or 11 sen to RM1.30 at 9.11am. It is currently the most active counter on Bursa Malaysia with 42 million shares done.
AirAsia X advanced 17.65%, or 1.5 sen to 10 sen with 40 million shares traded.
Avilion added 7.69%, or one sen to 14 sen, Parlo rose 10.42%, or 2.5 sen to 26.5 sen and Konsortium Transnasional gained 2.78%, or 0.5 sen to 18.5 sen.
Malaysia Airports Holdings added 2.65%, or 18 sen to RM6.98, Genting Malaysia advanced 1.92%, or six sen to RM3.19 and Only World rose 4.24%, or 2.5 sem to 61.5 sen.
Prime Minister Datuk Seri Ismail Sabri Yaakob announced on Sunday that interstate travel nationwide would be resumed on Monday.
He also said fully-vaccinated Malaysians can travel abroad without a MyTravelPass effective Monday.
International travel was previously only permitted for Malaysians due to business matters or for educational purposes, as well as for official government matters.
The relaxation, however, does not apply for areas that are under the Enhanced Movement Control Order.
The government, however, has not opened up the country to international travellers, Ismail Sabri said, "except for emergency, business and official government purposes".