AsianFin -- Shares of Bright Smart Securities & Commodities Group surged by as much as 60.7% to a record high after trading resumed on Monday, following Ant Group's agreement to purchase a 50.55% stake in the Hong Kong-based brokerage for HK$2.81 billion ($362.26 million).

The stock, which had been suspended from trading on April 23, reached HK$4.90, marking its highest price since its debut in August 2010. It was last up by 33.4%, in contrast to a 0.5% decline in the benchmark Hang Seng Index.