Australia's PEXA Group rallies on partnering with NatWest

PEXA

02/05/2024 02:00

** Shares of Australia's PEXA Group  PXA.AX  rise as much as
10.7% to A$13.55, their biggest intraday gain since Feb. 2022
    ** The digital property exchange says it is progressing a
strategic partnership with U.K.-based banking organisation
NatWest  NWG.L  
    ** Says partnership will see the U.K. lender use PEXA's
digital property exchange technology to deliver 48-hour
remortgage transactions for home owners in the nation
    ** Stock hits highest since April 2
    ** Stock has risen 10.3% this year as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))