Australia's Pioneer Credit jumps most in 2 months on FY24 guidance upgrade

Pioneer Credit

06/05/2024 03:31

** Shares of Pioneer Credit  PNC.AX  rise as much as 9.6% to
A$0.455, marking their biggest intraday pct gain since Feb. 26
    ** Financial services provider upgrades FY24 purchase debt
portfolio (PDP) investment guidance to about A$95 mln ($62.92
mln) from A$85 mln  
    ** Says facility refinancing well progressed and expected to
complete soon
    ** More than 159,000 shares change hands, compared with the
30-day average volume of 162,585 shares
    ** Stock down 1.2% this year, as of last close
    
($1 = 1.5099 Australian dollars)

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))