Australia's Raiz Invest jumps on strong revenue in FY23 first quarter

RAIZ Invest

27/10/2022 03:31

** Shares of Raiz Invest Ltd  RZI.AX  rise as much as 11.1%
to A$0.55, on track for best day since Sept 9, if gains hold
    ** Fund manager says total normalised revenue in first
quarter FY23 for Raiz platform was A$4.3 mln ($2.79 mln), up by
2.6%  urn:newsml:reuters.com:*:nASXzXRfS
    ** Says global funds under management was A$977 mln at end
of Q1, down 0.5% from previous year 
    ** More than 59,541 shares change hands, vs the 30-day
average volume of 46,629 shares
    ** Stock has fallen 72.1% this year as of last close
($1 = 1.5418 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))