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Banks' surge swells July market cap

DBS makes largest gains in dollar terms, its peers follow closely

DBS, which will report its second-quarter results today, made the largest gains in its market cap among all Singapore-listed companies in dollar terms. This was up 8.8 per cent - or S$3.6 billion - to S$44.9 billion - PHOTO: ST

THE value of Singapore's stock market in July rose 1.3 per cent from the previous month to S$979 billion, lifted mainly by strong gains in shares of the three banks.

Singapore's market value is skewed by gains in shares of listed companies from the financial sector, showed data compiled...