Australia's Secos Group set for best day in 1-1/2 years on product launch

MyEco

11/11/2022 03:52

** Shares of Secos Group Ltd  SES.AX  rise as much as 34.62%
to A$0.175, on track for best day since Jan 27, 2021, if gains
hold 
    ** The sustainable packaging materials manufacturer says
retailer Coles Group Ltd  COL.AX  will launch its EcoBag'
compostable bag products in 770 Coles retail stores across
Australia  urn:newsml:reuters.com:*:nASX3fVV0X
    ** Secos says its products will be now be available in more
than 2,000 stores nationally by the end of this month 
    ** Stock hits highest levels since May 23
    ** More than 1,335,348 shares change hands, almost 11 times
the 30-day average volume 
    ** SES stock down 53.6% and COL down 7.5% YTD, as of last
close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))