DBS Group stock slips as Singapore banks weigh on the STI

Published on 09/23/2026 at 15:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DBS Group stock reached SGD 77.80 on September 22, 2026, up 0.6 percent, before opening 1.22 percent lower. Market value stood at SGD 220.95 billion.

DBS Group, SG1L01001701, Illustration mit AI erstellt.

DBS Group stock closed at SGD 77.80 on September 22, 2026, gaining 0.6 percent before Singapore trading on September 23, 2026 opened with a 1.22 percent decline. The move came as large Singapore banks weighed on the broader market, putting the bank's near-term price action ahead of its latest reported earnings in the investor view.

Bank shares pressure Singapore market

Singapore trading data on September 23, 2026 showed DBS at SGD 77.69, down SGD 0.11 or 0.1 percent in one market report, while a separate opening report recorded a 1.22 percent decline. The Singapore Straits Times Index fell 0.45 percent to 5,697.97 by 9:10 a.m. on September 23, 2026, and DBS was among the major bank stocks weighing on the index, according to Zaobao on September 23, 2026.

The price difference reflects separate points during the same session rather than two comparable closing prices. Business Times reported DBS at SGD 77.69 on September 23, 2026, down SGD 0.11, while the September 22 close of SGD 77.80 provides the clearest completed-session comparison.

Market value remains substantial

DBS had a market capitalization of SGD 220.95 billion on September 23, 2026, according to the available Singapore quote data. The same market-data snapshot showed a prior close of SGD 77.69 for the DBS quote, while the Singapore banking sector remained sensitive to the broader index move and the performance of other large lenders.

The immediate comparison is therefore between a 0.6 percent gain at the September 22 close and a weaker September 23 opening environment, rather than a change in the bank's operating outlook. DBS Group Research economist Philip Wee also expected the Swiss National Bank to keep its policy rate at 0 percent at its September 24, 2026 meeting, according to Mitrade on September 23, 2026. That item concerns DBS Research's macroeconomic view rather than a new earnings forecast for DBS Group.

DBS Group stock trades at SGD 77.69

DBS Group stock traded at SGD 77.69 on the Singapore Exchange on September 23, 2026, down SGD 0.11 or 0.1 percent in the quoted market update. The completed-session reference remains SGD 77.80 on September 22, 2026, after a 0.6 percent daily gain.