Australia's MCS Services sees best day in 3-1/2 months on new contract win

MCS Services

20/10/2020 03:15

** Shares of the security services company  MSG.AX  gain as
much as 15% to A$0.023
    ** Stock sees its best session since July 6
    ** MCS Services says it won a tender to provide security
services at the Perth Motorplex, a motorsport hub, in Western
Australia  urn:newsml:reuters.com:*:nASN000FXB
    ** Says contract is for two years with an estimated gross
value in excess of A$500,000 ($351,900.00)
    ** Stock hits its highest level since Sept. 14
    ** About 2.6 mln shares change hands, compared with the
30-day average of about 303,000 shares
    ** MSG up 17.7% this year, as of last close
($1 = 1.4209 Australian dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))