Hot stocks: UOB adds S billion to value as Singapore banks break share price ceilings

Hot stocks: UOB adds S$4 billion to value as Singapore banks break share price ceilings

November 8, 2024 / Swedan Margen /


SHARES of UOB and OCBC leapt to levels never seen before, with both lenders surpassing street consensus estimates in their third-quarter net profit figures released Friday (Nov 8). 

As at 11.05 am, UOB had risen 6.7 per cent or S$2.24 to reach S$35.54 after 6.6 million shares worth S$228.9 million changed hands. It was the top-traded counter by value at the time.

Data from ShareInvestor showed that three married deals took place for the bank.



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Swedan Margen

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