Australia's Advanced Braking Technology rises on strong quarterly results

Advanced Braking Technology

16/01/2026 24:54

** Shares of Advanced Braking Technology ABV.AX rise as much as 33.3% to A$0.160, their highest level since March 19, 2013

** Stock marks its biggest intraday pct gain since January 27, 2023

** The braking solutions maker reports product sales revenue of A$5.6 million ($3.75 million) for second quarter, up 34% from last year

** Stock up over 17% so far this week and has risen over 20%, YTD

   ($1 = 1.4932 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))