Australia's Netwealth extends gains on FUA jump

Netwealth

10/10/2025 01:37

** Asset manager Netwealth Group NWL.AX rises as much as 4.9% to A$32.38; marks biggest intraday pct gain since June 24

** Stock gained as much as 3.1% on Thursday on posting 26.6% y/y jump in total funds under administration of A$120.8 bln ($79.2 bln) at September end

** NWL among top percent gainers on benchmark .AXJO, which is down 0.3%

** YTD, stock up 12.7%

($1 = A$1.5253)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))