Australia's Sequoia Financial Group hits more than 5-year low on division sale

Sequoia Financial

22/03/2026 23:53

** Sequoia Financial SEQ.AX falls as much as 8.7% to A$0.21, lowest since mid-July, 2020

** Stock posts biggest intraday pct fall since March 2

** Financial services co announces sale of its financial advice licensee business InterPrac Financial Planning for total consideration of A$50,000 ($35,060)

** Around 517,226 shares traded, 1.8x the 30-day average

** YTD, SEQ has fallen 27.6%

($1 = A$1.4261)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))