Australia's Hub24 jumps most in 2-1/2 years on positive quarterly results

Hub24

18/10/2022 04:35

** Shares of Australia's Hub24  HUB.AX  rise as much as
15.4% to A$25.5, their highest since Aug 25
    ** The data solution co says September quarter has seen an
improvement in net inflows following a slightly softer Q4 FY22
across the market  urn:newsml:reuters.com:*:nASX7zHrzY
    ** Says its average monthly net inflows for FY23 to date are
A$995 mln ($625.46 mln), up 1.7% from FY22
    ** Co says, as of Sept 30, total funds under administration
stood at A$68.4 bln
    ** Adds Q1 FY23 net inflows of A$3 bln 
    ** Stock posts its biggest intraday pct gain since April
2020
    ** Hub24 stock down 22% this year, as of last close
     ($1 = 1.5908 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))