Australia's Symal Group hits 7-month high on $41.4 million contract

Symal

06/10/2025 03:52

** Shares of Symal Group SYL.AX rise as much as 6.1% to A$2, their highest level since February 27

** Biggest intraday pct rise since September 26

** The construction firm receives an A$62.6 million ($41.35 million) contract to upgrade the Ballan Road intersection in Wyndham Vale, Australia by Victorian Infrastructure Delivery Authority

** Works will include new traffic lights, others

** Stock is up 17.7% YTD, including the session's moves

($1 = 1.5138 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))