Australia's HUB24 hits record high after funds under management grow

Hub24

17/10/2023 01:21

** Shares of Australia's HUB24  HUB.AX  rise 7.2% to a
record high of A$35.510 
    ** Stock set to mark best day since Aug 22, if gains hold   
    ** HUB, which runs a platform that offers advisers a range
of investment options, posts total funds under administration of
A$82.7 bln ($52.41 bln) as at Sept.30, up 21% on pcp
    ** Says co had a strong start to FY24 with net inflows of
A$2.8 bln for the quarter, up 34.7% on the previous quarter    
    ** HUB24 stock up 20.7% this year, as of last close
 
    ($1 = 1.5780 Australian dollars)

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))