Singtel, Sea shares surge on securing Singapore digital bank licences

Singtel rose as much as 11 per cent on Dec 7 while SEA rose 8.3 per cent on Dec 4, 2020. PHOTOS: LIM YAOHUI, SEA LIMITED
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SINGAPORE - From Singapore to New York, investors gave a big thumbs up to the winners of the Republic's digital full bank licences, sending the share prices of Singtel and Sea Ltd to historical highs.

Meanwhile, shares in the big three banks - DBS, OCBC and UOB - that dominate the traditional banking landscape here, took a hit.

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