BUZZ-Australia's Atlas Arteria tumbles on ex-distribution trade

Reuters

03-25

BUZZ-Australia's Atlas Arteria tumbles on ex-distribution trade

** Shares of toll roads developer Atlas Arteria ALX.AX fall ~3.8% to A$4.89, top loser of the benchmark ASX200 index .AXJO

** Stock trades ex-distribution

** Firm had announced distribution of 20 Australian cents per stapled security for second half of 2024

** Stock fell as much as 4.1% earlier in the day, marking its worst intraday drop since September 24, 2024

** Stock up 6.11% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk))

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