Sunday, November 15, 2009

Affin surges 9pc on bid talk

SHARES of Affin Holdings surged 9.4 per cent to RM2.56.

Stock could be takeover or merger target, dealers said.

“It is story that is linked to East Asia, everyone is scrambling to buy,” said a dealer at a Malaysian investment bank.

Last week Bank of East Asia stock surged on reports it could be a takeover target. - Reuters

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