OCBC stock dips from record highs as Singapore bank rally pauses; Feb 25 results loom
OCBC shares fell 0.6% to S$20.06 by mid-afternoon Wednesday after breaching the S$20 mark for the first time a day earlier. The Straits Times Index hit a record 4,741.85 points, driven by gains in major banks. Investors are watching interest rate signals and upcoming earnings. DBS rose 0.6%, while UOB slipped 0.1%.