Australia's Connexion Mobility surges on Hyundai Motor America contract

Connexion Mobility

07/10/2026 01:19

** Shares of Connexion Mobility CXZ.AX advance as much as 22.7% to A$0.027, posting their biggest intraday pct gain since mid-February 2023
** Stock hits its highest level since March 27
** Mobility software co signs exclusive supplier agreement with Hyundai Motor America
** Connexion to oversee software design, development and management capability for Hyundai's new Dealer Lot Management (DLM) platform in the US
** Nearly 2.5 million shares change hands, 6.0x the 30-day average 
** Stock down 3.9% YTD, including the day's moves

 (Reporting by Rudrannsh Mehra in Bengaluru)
 ((Rudrannsh.Mehra@thomsonreuters.com))