Australia's PEXA rebounds 12% after Friday's losses, eyes best day in over a year

PEXA

31/08/2026 04:22

** Shares of PEXA Group PXA.AX rise as much as 11.7% to A$7.460, marking their biggest intraday pct gain since July 25, 2025
** Property exchange firm's stock recovers after dropping 17.5% on Friday following a weaker-than-expected annual outlook
** PXA last week flagged uncertain domestic housing market to affect sales, broker Jefferies calls outlook weak
** Co forecasts FY27 revenue between A$385 million ($276.01 million) and A$415 million, versus FY26 at A$406.9 million
** 1.3 million shares change hands on Monday as of 0313 GMT, 1.8x the 30-day average 
** PXA biggest percentage gainer in the S&P/ASX 200 benchmark index .AXJO
** YTD stock is down ~45%, including the session's moves
     
($1 = 1.3949 Australian dollars)

(Reporting by Rudrannsh Mehra in Bengaluru)
((Rudrannsh.Mehra@thomsonreuters.com))