OCBC stock price edges up on new securities-financing unit as investors look to Feb results
OCBC shares rose 0.25% to S$20.40 Wednesday after the bank launched a new securities financing unit aimed at institutional clients. The unit will lend equities and bonds from OCBC and its subsidiaries, led by Jansen Chua. OCBC also allocated 36,156 treasury shares for employee schemes on Jan. 20. About 2.38 million OCBC shares changed hands as the stock neared its 52-week high.