Australia's Bell Financial rises on deal to share trading accounts

Bell Financial

22/01/2025 24:40

** Shares of Bell Financial Group  BFG.AX  rise 1.5% to A$
1.375   
    ** The financial services provider's stock rose as much as
5.5% to touch their highest level since late August
    ** Co signs an agreement with Macquarie Bank under which
about 75,000 accounts from Macquarie Online Trading platform
will be transferred to co's Bell Direct and Desktop Broker
brands
    ** Says transition of accounts is expected to be completed
after Feb 22     
    ** About 169,683 shares change hands vs the 30-day average
of 84,836
    ** Stock up 1.1% this year, as of last close

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))