NextDC is expected to be booted from the S & P/ASX 50 Index in the coming weeks, adding further pressure on the share price after a brutal earnings downgrade last week triggered one of the biggest single-day sell-offs ever for an ASX-listed company.
The shares plunged 42 per cent last Wednesday to a nine-year low after the data centre developer was forced to delay an expansion at its new flagship Melbourne site following a suburban revolt over new 22-metre power poles.
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