Australia's Microequites climbs on upbeat HY figures

Microequities Asset Management

02/11/2021 02:40

** Shares of Microequites Asset Management Group  MAM.AX 
rise as much as 6.2% to A$0.940, scale their highest level since
Sept 9
    ** The mircocap-focused investment fund says it 1H22 year to
date operating profit was about A$13.6 mln ($10.24 mln) compared
with A$5.4 mln ($4.07 mln) last year   urn:newsml:reuters.com:*:nASX6SgWb
    ** Adds that it posted an operating profit from invesment
management of about A$4.8 mln ($3.61 mln) for October
    ** About 203,980 shares change hands, compared with the
30-day average volume of 54,995
    ** Stock up 77% this year, as of last close

    ($1 = 1.3282 Australian dollars)

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))