Australia's Equity Story Group set for record gain after buying financial advisory firm

Aland Equity

16/04/2025 06:00

** Shares of Equity Story Group EQS.AX rise 55.6% to A$0.028, on track for their biggest gain in a session, if trend holds

** Stock hits highest level since March 25

** The investor media co says it will acquire private financial advisory firm Baker Young Ltd for A$4.2 million ($2.67 million)

** Acquisition expands co's wealth management division in the retail and high-net-worth investment advice sector

** Stock up 21.7% YTD, including moves in current session

($1 = 1.5743 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))