DBS shares reach S$45 for the first time

Shares of Singapore’s biggest bank DBS soared to S$45 for the first time on Wednesday (Jan 8).

The stock was trading at S$45.14 in the afternoon, rising about 1.5 per cent.

DBS shares have hit record highs a few times late last year, on the back of strong earnings. Analysts are bullish on Singapore’s three banks due to robust earnings. They also believed the bank sector is a beneficiary amid global market uncertainties and rising geopolitical tensions.

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