Banks lift STI to close above 3,400
Collective performance of DBS, OCBC, UOB help boost STI by 50.07 points or 1.5 per cent to 3,407.02
Add BT as a preferred sourceLED by DBS Group Holdings, the local banks garnered the most attention Monday, all ending at 2019 highs.
Their collective performance during the trading session saw the Straits Times Index (STI) finish at 3,407.02, up 50.07 points or 1.5 per cent. This is the first time that the benchmark index has closed above 3,400 this year.
Buoyed by a 9 per cent increase in first-quarter profit to S$1.65 billion, DBS closed S$0.99 or 3.6 per cent higher at S$28.40.
TRENDING NOW
MAS eases family office tax rules, widens AML checks as Singapore vies for global wealth
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
SGX’s record year masks Singapore’s equities challenge
