OCBC share price hits record close in Singapore bank rally — what to watch next for O39
OCBC closed at a record S$21.29 Friday, up 3.4%, after analysts raised target prices and ahead of the U.S. Federal Reserve’s Jan 27-28 meeting. UOB gained 5% to S$39.50, DBS rose nearly 1% to S$58.65, lifting the STI to 4,891.45. OCBC announced a new securities financing unit for institutional clients. The bank reports full-year results Feb 25.