BUZZ-Australia's DXN rises on $1.3 million data centre contract

Reuters
27 May
BUZZ-Australia's DXN rises on $1.3 million data centre contract

** Shares of DXN Limited DXN.AX rise 16.7% to A$0.035, their highest point since April 30

** Stock set for its strongest session since April 16 - if current trends hold

** The data centre manufacturer says it has been awarded a A$2 million ($1.30 million) contract by DP World Australia

** Says contract requires co to design, manufacture, and deliver two custom modular data centres

** About 1.5 mln shares traded in stock's busiest session since March 31

** Stock down 38.6% YTD, including current session's moves

($1 = 1.5406 Australian dollars)

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@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