Local banks on a winning streak

[SINGAPORE] The three local banks, among the top performers for 2013, may well continue their winning streak next year in tandem with a stronger global economy.

As proxies for positive GDP momentum, DBS Group Holdings, OCBC Bank and United Overseas Bank (UOB) are way ahead, with their share prices up as much as almost 13 per cent year-to-date.

The Straits Times Index (STI), however, is languishing; it is down 1.67 per cent so far this year.