Australia's MCS Services touches over 2-month high on Scentre Group contract

MCS Services

05/11/2021 02:52

** Shares of security services provider MCS Services Ltd
 MSG.AX  jump as much as 10.3% to A$0.075, their highest since
Aug. 24 
    ** Co says it has been awarded a contract for the supply of
security services in three shopping centres managed by Scentre
Group  SCG.AX  in Perth, Western Australia 
    ** Says initial contract term is for 20 months, beginning
Nov. 15
    ** Says contract will add at least A$6 mln ($4.43 mln) of
income during the 20-month term
    ** About 2.1 mln shares change hands, ~3 times their 30-day
moving average of 788,427 shares 
    ** As of last close, stock had risen 74.4% this year

($1 = 1.3541 Australian dollars)

 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))