Singapore banks' shares dive after MAS calls for dividend cap

Uploaded By:  Frances Gagua Submitted By:  Staff Reporter Case Study:  No 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). read more