Raiz Invest gains on solid Q4 results from Australia ops

RAIZ Invest

26/07/2024 03:29

** Shares of Raiz Invest  RZI.AX  rise as much as 6.9% to
A$0.39, their highest since May 13
    ** Shares on track for best day since March 28, if current
gains hold
    ** Micro-investing platform says Q4 revenue from Australia
operations increased by 28.1% YoY to A$5.5 mln ($3.60 mln)
    ** Adds, as at June 2024, total funds under management from
Australia operations increased to A$1.4 bln, up 23.4% YoY
    ** About 165,700 shares change hands by 0222 GMT, 3.2 times
the 30-day average volume 
    ** Stock down 8.8% this year, as of last close

($1 = 1.5263 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))