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Hot stocks: UOB adds S$4 billion to value as Singapore banks break share price ceilings

Three married deals took place for UOB, and none for DBS or OCBC

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Michelle Zhu

Michelle Zhu

Published Fri, Nov 8, 2024 · 11:54 AM
    • The three local banks were trading at all-time highs on Friday morning following the release of their third quarter results.
    • The three local banks were trading at all-time highs on Friday morning following the release of their third quarter results. PHOTO: BT FILE

    SHARES of UOB and OCBC leapt to levels never seen before, with both lenders surpassing street consensus estimates in their third-quarter net profit figures released Friday (Nov 8). 

    As at 11.05 am, UOB had risen 6.7 per cent or S$2.24 to reach S$35.54 after 6.6 million shares worth S$228.9 million changed hands. It was the top-traded counter by value at the time.

    Data from ShareInvestor showed that three married deals took place for the bank.

    Hot StockUOBDBSOCBCSingapore banks

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