AFG share price surged

Alliance Financial Group Bhd (AFG) share price surged pass its year high to RM4.04 this morning and became one of the top ten gainer in KLSE.

The stock price surged was due to the news that Singapore's DBS Bank Ltd had obtained the Malaysian central bank approval to start talks to buy the stake hold by Temasek.

AFG is the seventh-biggest lender by market value in Malaysia.