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UOB hits a fresh high, with Singapore’s STI reaching yet another record

At the open, the counter edges up 1.3 per cent or S$0.50 to an all-time high of S$39.15

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Chong Xin Wei

Chong Xin Wei

Published Wed, Feb 19, 2025 · 09:55 AM — Updated Wed, Feb 19, 2025 · 12:35 PM
    • UOB announced the establishment of a S$3 billion capital distribution package and its fourth-quarter results on Wednesday morning.
    • UOB announced the establishment of a S$3 billion capital distribution package and its fourth-quarter results on Wednesday morning. PHOTO: BT FILE

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    SHARES of UOB rose to a new high on Wednesday (Feb 19) morning, after it announced the establishment of a S$3 billion capital distribution package in tandem with its fourth-quarter results.

    At the open, the counter edged up 1.3 per cent or S$0.50 to an all-time high of S$39.15.

    Shares of UOB’s peers rose as well shortly after the market opened. As at 9.30 am, DBS was up 0.4 per cent or S$0.20 to S$46, and OCBC gained 0.6 per cent or S$0.10 to S$17.86.

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