Aussie financial firm Fiducian at near 2-year high on assets growth

Fiducian

19/04/2024 03:18

** Diversified financial firm Fiducian Group  FID.AX  rises
as much as 7.1% to A$8.140, its highest level since April 26,
2022
    ** FID stock marks its biggest intraday pct gain since Feb
12
    ** Stock is second-biggest gainer in the ASX All Ordinaries
index  .AORD , and set to advance more than 5% for the week, if
trend holds
    ** Co says funds managed grew to A$13.7 bln ($8.74 bln), as
at March 31, up from A$12.3 bln a year ago 
    ** However, net inflows for the year stand at A$139 mln,
below last year's A$154 mln
    ** Including session's gains, FID up 31.5% so far this year
 
    ($1 = 1.5679 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))