Banks shine, with UOB hitting all-time high

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.