AMP Surges, L1 Slips as Finance Stocks Split on Profit and Flow Updates

• AMP topped the board after raising its first-half profit forecast.
• IAM rose strongly as record trading volumes and settled legal issues improved confidence.
• L1 Group fell even with higher funds under management, as investors weighed outflows and extra costs.
• Dividend stocks such as WAM Active, Cadence Capital and Cadence Opportunities Fund stayed in favour.