BUZZ-Australia's Pexa Group climbs to near 1-month high on UK regulatory approval

Reuters

2025/04/30

** Shares of Pexa Group PXA.AX rise 4.5% to A$11.970, their highest levels since March 4

** Stock set for its strongest session since February 28, if current trend holds

** The digital property firm receives an approval from the UK's Financial Conduct Authority to become an Authorised Payment Institution

** Says this allows co to continue to develop its UK sale and purchase product to be launched in 2H of CY25

** Stock on track for fifth consecutive session of gains

** Co on track for its strongest month since September 2024

** Stock down 8.2% YTD, including current session's moves

(Reporting by Manasi Dasa in Bengaluru)

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

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10:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's Pexa Group climbs to near 1-month high on UK regulatory approval</title></head><body><p>** Shares of Pexa Group <span>PXA.AX</span> rise 4.5% to A$11.970, their highest levels since March 4</p><p>** Stock set for its strongest session since February 28, if current trend holds</p><p>** The digital property firm receives an approval from the UK's Financial Conduct Authority to become an Authorised Payment Institution</p><p>** Says this allows co to continue to develop its UK sale and purchase product to be launched in 2H of CY25</p><p>** Stock on track for fifth consecutive session of gains </p><p>** Co on track for its strongest month since September 2024</p><p>** Stock down <span>8.2%</span> YTD, including current session's moves</p><p> (Reporting by Manasi Dasa in Bengaluru)</p><p> 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