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

Reuters
11 Dec 2024

** 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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10