Australia's Pexa Group climbs to near 1-month high on UK regulatory approval

PEXA

30/04/2025 03:34

** Shares of Pexa Group PXA.AX rise 4.5% to A$11.970, their highest levels since March 4

** Stock set for its strongest session since February 28, if current trend holds

** The digital property firm receives an approval from the UK's Financial Conduct Authority to become an Authorised Payment Institution

** Says this allows co to continue to develop its UK sale and purchase product to be launched in 2H of CY25

** Stock on track for fifth consecutive session of gains

** Co on track for its strongest month since September 2024

** Stock down 8.2% YTD, including current session's moves

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))