UOB Kay Hian's stock surged 3.05% during intraday trading on Thursday, following its inclusion in a prominent financial article highlighting attractive Asian penny stocks.

The stockbroking firm was featured as one of three picks in an analysis of Asian penny stocks with market capitalizations under US$3 billion. The article provided an overview of UOB Kay Hian's operations, noting its primary revenue source from securities and futures broking services totaling SGD722.87 million, and highlighted its market capitalization of SGD3.83 billion.

Investor interest appears to have been sparked by the company's recognition in the financial analysis, which could have prompted increased buying activity among traders seeking exposure to well-regarded penny stocks in the Asian market.