Australia's Praemium rises on upbeat qtrly FUA

Praemium

24/04/2025 04:20

** Shares of Praemium PPS.AX rise 2.1% to A$0.745

** Earlier, stock rose as much as 5.5% to A$0.770, its highest level since February 26

** Investment manager reports a 17.1% rise in total funds under administration (FUA) as at March 2025

** About 1.3 mln shares change hands, 1.7x the 30-day average of 776,572 shares

** Stock up 1.4% YTD, including current session's moves

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))