Channel NewsAsia

SGX urges caution when dealing in UOB shares

The Singapore Exchange (SGX) on Friday (July 11) urged investors to exercise caution when dealing in shares of United Overseas Bank (UOB), after the shares rose as much as 4.2 per cent during trading.

SINGAPORE: The Singapore Exchange (SGX) on Friday (July 11) urged investors to exercise caution when dealing in shares of United Overseas Bank (UOB), after the shares rose as much as 4.2 per cent during trading.

UOB, in a reply to a query from SGX, said it was not aware of any reasons that could possibly explain the trading in its securities.

Shares of UOB closed 3.6 per cent higher at S$24.03 apiece, outperforming rival DBS Group whose shares gained 1.2 per cent.

Oversea-Chinese Banking Corp shares ended the session unchanged.

Tweet Photos, Videos and Update on this Story to  #cna