Finance Wrap: PEXA Slides as Magellan and Euroz Rally on Big Deals

• PEXA (ASX:PXA) was the biggest mover, tumbling on a draft fee cut that could strip $70 million from revenue over a year.
• Magellan Financial Group (ASX:MFG) jumped after completing its merger with Barrenjoey and setting a new leadership team.
• Euroz Hartleys (ASX:EZL) rose on a A$145 million sale of its capital markets arm and plans to return most proceeds to shareholders.
• HMC Capital (ASX:HMC) and Associate Global Partners (ASX:APL) gained as investors backed fresh growth plans.