Count on our magnificent three – DBS, OCBC and UOB – to drive growth in local stock indices

WHERE America leads, much of the world follows. The US equities market boasts the magnificent seven – Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla – which are key drivers of US stock market gains.

Singapore has its own magnificent three to largely propel gains in the benchmark Straits Times Index (STI) – local financial groups DBS Group , OCBC and UOB .

While America’s magnificent seven are technology groups that demonstrate the US’ leadership in innovation and artificial intelligence, perhaps fittingly Singapore’s strongest large listed groups are in finance. After all, Singapore has undoubted strength as a financial hub, and the sector’s growth prospects are strong.