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Financial Services

Argentex sees trading update lift shares

Argentex Group PLC (AIM:AGFX) shares rose strongly as it reported continued growth and an improvement in trading for the nine months ending 31 December 2022.

In London, Argentex shares climbed nearly 8% higher in early deals, changing hands at 128.24p.

The update follows the company's interim results, announced last month, which highlighted strong momentum and this has continued through its current quarter.

The growth has been driven by robust trading across all products and geographies, with the company's core foreign exchange (FX) offering benefiting from market tailwinds, the company said in the latest statement.

The new Amsterdam office has also outperformed and there has been growth in client numbers on the online platform, it added.

Argentex chief executive Harry Adams said the growth is the result of investment in technology, international expansion, and people.

Argentex provides foreign exchange services to institutions, corporates and high-net-worth private individuals.

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