Alliance Financial Group Bhd rose after HwangDBS Vickers Research Sdn Bhd said the Malaysian lender is its top pick in the banking industry, replacing Hong Leong Bank Bhd which is near its target price.
Alliance gained 2 per cent to RM3.61 at 9:43 a.m. local time in Kuala Lumpur trading, set for its highest close since July 7.
Hong Leong dropped 0.7 per cent to RM13.50. -- Bloomberg
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