Singapore, Feb 2, 2026, 18:28 (SGT) — Market closed
- Shares of DBS slipped 0.5% to finish Monday’s session at S$58.88.
- Investors are making moves ahead of the bank’s full-year 2025 results, which are due on Feb 9.
- Risk appetite faltered as precious metals took a steep hit, dragging regional markets down.
Shares of DBS Group Holdings Ltd dipped 0.5% on Monday, closing at S$58.88. The stock, listed as D05 on the Singapore Exchange, slipped S$0.32 from the prior close. Throughout the day, it fluctuated between S$58.46 and S$59.23 on a volume nearing 6.2 million shares. (StockAnalysis)
The decline comes just a week ahead of the lender’s full-year 2025 financial results, a crucial indicator of dividends and margin pressure amid shifting rate expectations. DBS said it will release the figures before markets open on Monday, Feb 9, with statements and a press release available on SGXNET and its investor website. (SGX Links)
Monday’s dip came amid weaker local stocks, dragged down by a steep selloff in precious metals. Spot silver plunged 19% for the day, while gold dropped 8.3% by 5:45 p.m., according to Bloomberg data. “Things just got too frothy,” said Neil Wilson of Saxo Markets. The Straits Times Index ended 0.3% lower. Bank stocks were mixed, with United Overseas Bank nudging up 0.3% and Oversea-Chinese Banking Corp slipping 0.6%. (The Business Times)
With the cash market closed until Tuesday, traders are eyeing whether the late-day bounce in risk appetite can sustain itself overnight. A further slide in commodities or regional stocks would probably weigh on local banks at the start of the week.
DBS shares will be driven by next Monday’s results. Investors usually zero in on net interest margin—the gap between interest earned on loans and what’s paid on deposits—as well as credit costs and signals about loan demand.
Wealth management, cards, and trading fees can shift results, particularly in volatile markets. Updated dividend policies often draw extra focus for Singapore banks, given their strong appeal to income-focused funds.
Fitch Ratings confirmed DBS Bank (Taiwan) Ltd’s rating at ‘AA-’ but then withdrew the ratings, according to a statement on its website. (Fitch Ratings)
The backdrop, however, remains messy. Should the shock in precious metals spill over into broader funding conditions or trigger forced selling in other areas, bank stocks might suffer another setback—even absent any new company developments.
The next key date is the Feb 9 earnings release, with the bank’s annual general meeting set for March 31, per its investor events calendar. (DBS Bank)
