Australia's HUB24 hits record high on higher funds under administration

Hub24

16/07/2024 01:39

** Shares of HUB24 Ltd  HUB.AX  rise as much as 3.8% to a
record high of A$48.17
    ** Investment services provider says total funds under
administration reached A$104.7 bln ($70.75 bln) as at June 30,
up 30% on pcp
    ** Co says quarterly platform net inflows were 138% higher
at A$5 billion
    ** HUB stock up ~29% YTD as of last close
 


($1 = 1.4799 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))