DBS Group Holdings has broken through the S$70 share price barrier, a milestone that underscores the sustained institutional appetite for Singapore's banking sector.
The move comes as the broader Straits Times Index (STI) climbed as much as 1% to reach 5,424.02 points, setting new record highs for the benchmark index.
DBS shares had previously touched an all-time intraday high of S$68.
The rally is being propelled by heavy inflows from institutional investors positioning themselves ahead of a critical period of corporate disclosures.
DBS, alongside peers OCBC Bank and United Overseas Bank (UOB), are expected to announce their quarterly earnings and dividend payouts in the coming weeks.
These results are widely viewed as a barometer for the health of Singapore's financial system and the trajectory of regional interest rates.
DBS shares had previously touched an all-time intraday high of S$68.14 earlier in the week, climbing 1.8% on renewed investor confidence.