Singapore, 30 April 2026 – DBS Group Holdings surged to a two-month high after Singapore’s largest bank delivered stronger-than-expected first-quarter earnings, reinforcing investor confidence in its ability to defend profitability despite lower margins, rate uncertainty and a more challenging global market backdrop.
DBS shares rose as much as 4.3 percent to S$59 in early trading, up S$2.44 from the previous close of S$56.56. The move marked the stock’s highest level in more than 11 weeks, with the counter last trading higher at S$59.52 on 6 February 2026. By 10.04am, DBS had eased slightly to S$58.50, still up 3.4 percent, with more than 4.3 million shares changing hands. The rally also helped lift the Straits Times Index by nearly 1 percent.
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