The strong performances come ahead of the impending Federal Open Market Committee’s meeting
THE share prices of the three local banks traded at record highs on Tuesday (Jul 2) after the midday break, with OCBC and UOB breaching all-time records after an initially mixed showing at the opening bell.
For the first time, Singapore’s largest lender DBS surpassed the S$37 per share mark to reach S$37.08 as at 2.06 pm, up S$0.96 or 2.7 per cent. Shares of OCBC leapt S$0.27 or 1.9 per cent to hit a historical peak of S$14.77 as at 2.08 pm.
UOB gained as much as S$0.33 or 1.1 per cent to S$31.63 as at 2.24 pm, marking the counter’s highest levels since April 2022.
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