Australia's DGL Group hits highest in over 2 weeks on positive outlook

DGL

14/03/2024 03:50

** Shares of DGL Group  DGL.AX  rise as much as 12.5% to
A$0.675, their biggest intraday pct gain since Feb. 28 
    ** Stock at its highest since March 4
    ** Chemicals manufacturer says it is seeing a strong rebound
in activity in the second half of FY24
    ** Adds outlook is positive for a stronger revenue and
profit performance in the current half
    ** About 2 mln shares change hands, 2.2x the 30-day avg vol
    ** Stock down ~28% YTD as of last close

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))