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BUZZ — Australia's Maas logs best day in nearly a month on receiving $1.11 billion for construction business sale

* Shares of Maas Group holdings gain as much as 12.4% to A$3.72, their biggest intraday pct gain since Septmber 18 * Stock on track to lose 22.7% for the week, its third consecutive week of losses, if current trend holds * Construction services provider confirms it received A$1.61 billion ($1.11 billion) for the sale of its construction materials division to Heidelberg Materials Australia * MGH also provides an update with Firmus, saying it will continue to work in relation to progressing approvals for future projects, following Firmus' IPO withdrawal * YTD, stock down 33.8%, including the session moves ($1 = 1.4459 Australian dollars) (Reporting by Rudrannsh Mehra in Bengaluru) ((Rudrannsh.Mehra@thomsonreuters.com)

MGH.AX