Global Traffic Network sinks 10% after earlier surge

Global Traffic Network’s first few days on the Unmade Index have proved to be eventful.

After seeing the highest jump on the Unmade Index on Tuesday, with a rise of 7.1%, GTN had the biggest fall on Wednesday, slumping 10% to a market capitalisation of $51m.

GTN has been linked to a bid for Nine Radio, potentially in allegiance with SEN Radio. Sports Entertainment Group also sank, losing 1.7%.

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