UOB stock gains 1.7 percent as Singapore banks rise

Published on 09/22/2026 at 23:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UOB stock closed at SGD 42.80 on September 22, 2026, up 1.7 percent from the prior close. Net profit reached SGD 505 million in the latest cited quarter.

UOB, SG1U68934629, Illustration mit AI erstellt.

United Overseas Bank Ltd. (SG1U68934629) closed at SGD 42.80 on the Singapore Exchange on September 22, 2026, up 1.7 percent or SGD 0.70 from the previous close. The move came as Singapore's three major banks ended higher, with The Business Times reporting the closing level on September 22, 2026.

UOB finishes at SGD 42.80

The daily gain was a quantified improvement of SGD 0.70 against the prior close, equivalent to 1.7 percent on the primary SGX listing. An earlier market update placed UOB at SGD 42.31 during the September 22 session, showing that the stock added SGD 0.49 between that update and the reported close.

The broader banking backdrop also supported the move. The same September 22 market report said DBS rose 0.6 percent to SGD 77.80 and OCBC gained 1.5 percent to SGD 32.14, while UOB's 1.7 percent increase was the strongest of the three large Singapore banks in that closing snapshot.

Quarterly profit provides a reference

According to The Edge Malaysia on September 22, 2026, the bank reported net profit of SGD 505 million in the October to December quarter, compared with SGD 502 million in the same period a year earlier. That SGD 3 million increase represents a 0.6 percent year-over-year improvement, a modest comparison that places the share-price gain in a more demanding earnings context.

The report also described the prior quarter's net profit as SGD 570 million, meaning the cited October to December result was SGD 65 million lower than the preceding quarter. For investors, the comparison points to the importance of recurring interest and non-interest income rather than the daily share move alone.

AI financing adds a strategic angle

UOB has identified financing for artificial intelligence growth as a business opportunity, according to The Business Times on September 22, 2026. The theme links the bank's corporate-lending strategy with investment in data centres and other infrastructure, while also leaving earnings sensitive to credit quality, funding costs and the pace of technology investment.

Stock closes at SGD 42.80

UOB stock ended at SGD 42.80 on the Singapore Exchange on September 22, 2026, after gaining 1.7 percent from the previous close. The closing price, the cited SGD 505 million quarterly profit and the 0.6 percent year-over-year profit increase provide the key dated reference points for the shares.