WT Financial Group (ASX:WTL)’s shares exhibited a significant intraday increase of 34.6%, reaching A$0.105.
This marks the largest single-day leap since March of 2021.
WT Financial Group’s stock has reached its highest value since August 22.
Provided the trend remains stable, it is predicted that the stock will grow for a third consecutive session.
The company has declared that it expects its full-year net profit after tax to more than double, raising to A$4.31 million from last year’s profit.
It also anticipates an increase in its FY23 revenue and other income by 57%, leading to A$162.5 million.
Over 720,000 shares have been traded, a significantly higher volume compared to the 30-day average volume of 210,769 shares.
This year, the stock has fallen 13.3% as of its most recent closing price.
WT Financial Group is a diversified financial services firm.