Bank shares trail market performance

Singapore

SHARES of the Singapore banks have underperformed the market this year, although analysts are mostly positive about their earnings ahead of their coming results announcements.

Shares of DBS Group Holdings, OCBC Bank and United Overseas Bank have increased by an average of 1.36 per cent from Jan 1 to April 16 in 2015. That is below the 4.95 per cent increase in the Straits Times Index over the same period.