Australia's Pexa set for monthly loss on uncertain market outlook

PEXA

29/12/2023 04:36

** Shares of Pexa Group  PXA.AX  are down 6.6% so far this
month, on track for their worst month since August
    ** Pexa on Dec. 20 said uncertainties were impacting its
markets in Australia and the UK; stock fell over 11% on the day
    ** Co completed acquisition of conveyance technology
provider Smoove this month, but said it will have an "immaterial
impact" on H124 revenue and earnings
    ** However, stock is up 0.2% on the day and 3.3% for the
week

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))