Australia's Praemium hits near 3-month high as funds under administration rise

Praemium

18/07/2022 04:34

** Shares of Praemium  PPS.AX  climb as much as 10.6% to
A$0.680, their highest since April 21
    ** The investment management platform provider posts https://www.asx.com.au/asxpdf/20220718/pdf/45bxwtdz8grq6z.pdf
 total funds under administration of A$40.5 bln ($27.59 bln) as
of June end, up 10% on prior corresponding period 
    ** Stock set to mark biggest intra-day percentage gain since
July 1
    ** As of last close, PPS down ~58.2% YTD
    



($1 = 1.4678 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))