THE following companies saw new developments that may affect trading of their securities on Wednesday:owing to the"much-needed stability it brings, especially in the current uncertain interest rate environment", according to the bank's head of secured lending, Tok Geok Peng. DBS's latest fixed rate of 1.5 per cent for its two-year, three-year and five-year packages is among the lowest in the market. The counter finished Tuesday at S$22.95, down S$0.14 or 0.6 per cent.
. OCBC earlier saw a 45 per cent increase in sales registered within 10 days launching of its virtual wealth advisory service in April amid the"circuit breaker". Shares of OCBC lost S$0.06 or 0.6 per cent to S$9.70 at Tuesday's close.from BBB+ to BBB to reflect the firm's weaker performance in the financial year ended March 31, 2020.
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