{
  "id": 13637675,
  "title": "Shares of S’pore banks stabilise after recent decline; SGX cuts board lots: Markets this week",
  "url": "https://urgent.news/2026/10/11/shares-of-spore-banks-stabilise-after-recent-decline-sgx-cuts-board",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T04:00:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/companies-markets/shares-of-spore-banks-stabilise-after-recent-decline-sgx-cuts-board-lots-markets-this-week"
  },
  "original_language": "en",
  "account": "Singapore's three local banks experienced a stabilization in their stock prices towards the end of the week after two days of losses. DBS Bank fell 0.66% to close at $73.36, while UOB and OCBC declined 0.29% to $39.96 and remained flat at $29, respectively, experiencing losses of over 5% and 8.63% over the week. The market volatility stemmed from Citi's downgrade of OCBC to “sell” due to softer-than-expected third-quarter earnings expectations. Charu Chanana, a chief investment strategist at Saxo, suggested that profit-taking and concerns about earnings expectations contributed to the downward trend. The recent declines, however, are not anticipated to signal a prolonged downturn across the banking sector, given the lenders' strong capital positions and dividend support. SGX, Singapore Exchange, cut the board lot size for 11 stocks, including DBS, UOB, OCBC, and SGX, to make them more affordable for investors.",
  "summary": "Analysts expect further volatility in bank shares amid earnings concerns and global bond market risks.",
  "key_points": [
    "Singapore's three local banks stabilized after two days of losses",
    "DBS Bank fell 0.66%, UOB declined 0.29%, OCBC remained flat",
    "SGX reduced board lot size for 11 stocks to boost affordability"
  ],
  "editors_take": "The stabilization of Singapore banks' stock prices, despite recent losses, suggests a prolonged downturn is unlikely given their strong capital positions and dividend support.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}