Australia's Southern Cross Electrical rises to 2-week high on new project contracts

Southern Cross Electrical Engineering

11/12/2024 24:29

** Shares of Southern Cross Electrical Engineering  SXE.AX 
rise as much as 14.8% to A$1.595, their highest levels since Nov
28
    ** Co's units have received awards totalling around A$125
mln ($79.65 mln) in projects in data centre, commercial,
manufacturing, resources, and water sectors 
    ** Stock posts its biggest intraday percentage gain since
May 6
    ** Stock has risen 66.5% this year, as of last close

    ($1 = 1.5694 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))