Kina Securities rises on upbeat 2021 outlook even as Westpac deal falls through

Kina Securities

22/09/2021 04:17

** Shares of Kina Securities Ltd  KSL.AX  rise as much as
4.73% to A$0.885, their biggest intraday pct gain since June 3
    ** Australia's no. 2 lender Westpac  WBC.AX  scrapped the
A$420 mln ($304.37 mln) sale of its Pacific businesses to
smaller financial services provider Kina Securities after Papua
New Guinea's competition regulator blocked the deal last week  
 urn:newsml:reuters.com:*:nL4N2QN38Z
    ** KSL expects fiscal 2021 results in line with the prior
year despite no acquisition revenue 
    ** Co says its full-year outlook remains positive
    ** About 978,536 shares change hands, 1.4x the 30-day
average volume of 696,935
    ** Stock down 6.1% lower this year, as of its last close 
    
    ($1 = 1.3799 Australian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))