Australia's HUB24 soars on record quarterly platform inflows

Hub24

20/01/2025 23:40

** Shares of HUB24  HUB.AX  up 12.1% at A$73.1
    ** Stock rises as much as 13.5% earlier in the day, hitting
its highest level since Dec. 10 and posting its biggest intraday
pct gain since October 2022
    ** Investment platform provider posts record quarterly
platform net inflows of A$5.5 bln ($3.45 bln) for Q2
    ** Total funds under administration A$120.9 bln as at Dec.
31, up 33% from a year earlier
    ** Stock has risen more than 5% this year, including day's
move

($1 = 1.5931 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))