Shares in CMC Markets PLC (LSE:CMCX) opened 20% higher after it upgraded its operating income forecast for the current year after seeing an improvement in market conditions.
In a short update, the trading technology group said investment into its B2B and institutional business was starting to bear fruit.
Consequently, CMC now anticipates its FY24 net operating income to be in the range of £290-£310 million, up from the previously projected £250-£280 million.
Minutes after the opening, the stock was up 22.6p at 132.6p.