Australia's Praemium rises to six-week high on FUA boost

Praemium

22/04/2026 04:40

** Shares of Australia's Praemium Limited PPS.AX rise as much as 3.4% to A$0.76, their highest point since March 9

** The financial services firm says total funds under administration (FUA) up 18% YoY to A$73.7 billion ($52.73 billion), as of March 31

** Platform FUA up 7% to A$32.2 billion, as of March 31

** PPS down 5% YTD

($1 = 1.3976 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))