Singapore 3 major banks, DBS, UOB, and OCBC, have been rising despite broader market weakness mainly due to dip buying and their reputation as stable, dividend paying blue chips. Investors tend to rotate into these names during uncertainty because of their strong balance sheets and consistent earnings, making them relatively defensive compared to more volatile sectors. While the upward move suggests continued confidence and it is not necessarily too late for long term investors seeking steady returns, the recent gains are partly sentiment driven, so chasing at current levels carries short term risk, a more prudent approach would be gradual accumulation rather than jumping in all at once.
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