DBS, OCBC, and UOB all recorded declines of more than 3%.
Shares of Singapore’s three biggest banks took a dive after the Monetary Authority of Singapore (MAS) placed a cap of 2020 dividend payouts.
As of 5:14 PM, shares of DBS has declined 3.088%, whilst those of OCBC has fallen 3.82%. UOB shares also slipped 3.147%.
All three bank stocks are also the most actively traded stocks for the day at the Singapore Exchange (SGX).
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