Australia's Praemium rises on partnering with Bell Financial Group

Bell Financial

10/07/2025 05:09

** Shares of Praemium PPS.AX rise 7.5% to A$0.72, their highest level since June 2

** Online investment platform PPS partners with wealth management firm Bell Financial Group BFG.AX

** BFG to use PPS's administration services platform Scope+ to manage 2,200+ client portfolios amounting to A$6 bln ($3.93 bln)

** PPS rose as much as nearly 10% to A$0.735 earlier in the session

** Trading volume at nearly 2 mln shares vs 1.3 mln 30-day avg

** YTD, PPS down 2%, including the session's gains

($1 = 1.5267 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com;))