Singapore banks continue ascent on Wednesday; DBS, OCBC chart new territory

SINGAPORE stocks soared further on Wednesday morning, fuelled by continued buying of bank stocks.

DBS and OCBC extended their record-breaking trajectory to breach new records again.

For the first time, DBS, South-east Asia’s biggest bank, crossed the S$38 mark to hit a high of S$38.17, up an impressive S$1.07, or almost 3 per cent.