Australia's DXN rises on $1.3 million data centre contract

Dxn

27/05/2025 02:00

** Shares of DXN Limited DXN.AX rise 16.7% to A$0.035, their highest point since April 30

** Stock set for its strongest session since April 16 - if current trends hold

** The data centre manufacturer says it has been awarded a A$2 million ($1.30 million) contract by DP World Australia

** Says contract requires co to design, manufacture, and deliver two custom modular data centres

** About 1.5 mln shares traded in stock's busiest session since March 31

** Stock down 38.6% YTD, including current session's moves

($1 = 1.5406 Australian dollars)

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))