Australia's DXN jumps on contract award win
29/07/2026 06:43
BUZZ-Australia's DXN jumps on contract award win ** Shares of Australia's DXN DXN.AX rise as much as 34.6% to A$0.175, logging their biggest intraday pct gain since June 16
** IT services and consulting firm receives contract award of about A$1.2 million ($834,240.00) from Solomon Islands Submarine Cable Company
** Says award is for design, manufacture, delivery, installation and commissioning of a cable landing station (CLS)
** Adds that award supports Australian govt-funded ACS-1 submarine cable program to deliver regional connectivity to the Solomon Islands
** About 8.2 million shares change hands, about 1.4x the 30-day average
** YTD, stock up 246.2%, including session's moves
($1 = 1.4384 Australian dollars)
(Reporting by Subhalakshmi Dey in Bengaluru)