UOB continues to be in the limelight

IN recent months, the outperformance of United Overseas Bank has provided one of the standout features of local stocks, and so it was again this week.

No one knows for sure why the counter has proven so popular, but those invested in the Straits Times Index have plenty of cause to be grateful - in yesterday's session, UOB's sudden 83- cent or 3.6 per cent jump to a seven-year high of $24.03 added almost 12 points to the index which, when added to the gains posted by DBS and SingTel, helped propel the index a total of 24.23 points higher to 3,293.73.

The bank was queried by the Singapore Exchange but had not replied by the time trading ended.