DBS Tops $100 Billion Market Value in First For Singapore Banks
DBS Group Holdings Ltd. became the first bank in Singapore to top $100 billion in market value, helped by a softer US currency that amplified gains on the local stock market.
Southeast Asia's top lender gained as much as 0.8% in Singapore trading on Monday to hit S$45.50. The firm is trading at a market capitalization of S$129 billion ($100.2 billion), extending its gains this year to to 4.3%.
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