UOL stock price climbs to S$10.31 as lower mortgage rates keep Singapore developers in focus
UOL Group shares climbed 0.7% to S$10.31 in afternoon trading Wednesday, extending a two-day rally on volume of about 2.4 million shares. RHB maintained an overweight call on Singapore real estate stocks, citing lower mortgage rates and pent-up demand. Traders are watching for the Urban Redevelopment Authority’s quarterly property market update on Jan 23.