Singapore Stock Market Reaches All-Time High as Banking Sector Booms

Reported about 22 hours ago

Singapore's stock benchmark, the Straits Times Index, surged 1.5% to an all-time high, propelled by a rally in bank shares, particularly DBS Group, OCBC, and UOB. This surge is attributed to strong loan growth and the banks' resilience to falling interest rates, as well as government initiatives to revitalize the equity market. However, concerns remain regarding the market's overall health, with more companies delisting than going public, prompting authorities to consider regulatory changes to enhance market vitality.

Source: YAHOO

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