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23 Jan 2026
UOB and OCBC bank shares hit new highs
Summary
UOB shares surged to a record high of $39.50, up 5% from the previous day, driven by Macquarie Capital’s upgrade to “outperform” with a target price of $41. OCBC shares also hit a fresh high of $21.29, while DBS shares increased to $58.65. The banking sector’s strong performance contributed to the Straits Times Index reaching a record-breaking 4,895.15.