Australia's BlackWall hits 9-month peak on WOTSO spinoff announcement

Blackwall

02/08/2019 03:51

** Shares of BlackWall  BWF.AX  rise as much as 5.5% to
A$0.965, their highest since Nov. 2, 2018
    ** The funds manager to spin off its workspace operator
WOTSO WorkSpace as a stand-alone business  urn:newsml:reuters.com:*:nASX80BPyr
    ** Stock posts its biggest intraday pct gain since February
27
    ** Almost 130,000 shares change hands, compared with the
30-day average volume of ~12,000
    ** Stock is up ~9% this year, as of last close

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.dutta@thomsonreuters.com))