Australia's Maas Group hits five-month low as trading resumes post halt

MAAS group

09/10/2026 05:48

Updates with share moves as trading resumes post halt
** Shares of Maas Group MGH.AX fall as much as 10.7% to A$4.43, hitting their lowest level since May 6
 ** Stock resumes trading after being halted earlier in the day
** Shares of MGH down over 31% so far this week, on track for their worst week ever, if losses hold  
** Construction services provider notes the statement from Nvidia NVDA.O-backed data center operator Firmus, which has shelved its $5 billion listing plan, citing recent market volatility
** MGH owns a 3.2% stake in Firmus
** MGH acquired 1.1 mln ordinary shares and 1.1 mln preference shares of Firmus at an average historical cost of A$188 per share during CY26
 ** Co said it has received payments totalling A$373 mln ($260.17 mln) against Firmus work orders
** YTD, stock down 14.2%, including the day's moves
     
     
     
($1 = 1.4337 Australian dollars)

(Reporting by Shivangi Lahiri and Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))