SINGAPORE: Oversea-Chinese Banking Corp rallied after fourth-quarter profit rose more than analysts anticipated. Shares of its two large Singapore rivals fell.
The bank's stock surged yesterday by the most in almost six months following the release of an exchange statement showing net income climbed 21% on higher interest and trading income as well as gains from life insurance.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!