DBS shares cross $70 for the first time as Singapore's STI index hits new high
Shares in DBS, Singapore's largest bank, crossed the S$70 mark for the first time. The country's benchmark Straits Times Index (STI) rose as much as 1% to a new record high of 5,424.02 points.
Shares in DBS, Singapore's largest bank, rose above the S$70 level for the first time. The gain signalled continued investor interest in the country's banking sector.
According to The Straits Times, the benchmark Straits Times Index (STI) rose as much as 1% during the session to a new record of 5,424.02 points. Bank stocks were the main drivers of the index's advance.
Singapore's stock market has performed strongly this year. Investors will watch whether the momentum in bank shares can continue in light of the interest-rate outlook and regional economic data.
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