BUZZ-Australia's Southern Cross Electrical rises to 2-week high on new project contracts

Reuters

2024/12/11

** Shares of Southern Cross Electrical Engineering rise as much as 14.8% to A$1.595, their highest levels since Nov 28

** Co's units have received awards totalling around A$125 mln ($79.65 mln) in projects in data centre, commercial, manufacturing, resources, and water sectors

** Stock posts its biggest intraday percentage gain since May 6

** Stock has risen 66.5% this year, as of last close

($1 = 1.5694 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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