Banks shine, with UOB hitting all-time high
All three local banking groups were in the top 10 by trading value on Wednesday
Singapore
SINGAPORE banking stocks were back in the limelight on Wednesday, with United Overseas Bank (UOB) hitting a record high and DBS Group Holdings reaching a multi-year peak.
UOB closed the day up 29 Singapore cents, or 1.19 per cent, to touch its all-time high of S$24.68. Its intraday high was $24.70. Year-to-date, the bank's counter rose 16.47 per cent. Following closely was DBS, which rose 14 Singapore cents, or 0.71 per cent, to end at S$20 after an intraday high of S$20.03. Year-to-date, the counter rose 16.96 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly