Shares of Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHF – Get Free Report) rose 20.9% during mid-day trading on Wednesday . The company traded as high as $19.10 and last traded at $19.10. 550 shares traded hands during trading, a decline of 98% from the average session volume of 28,021 shares. The stock had previously closed at $15.80.
Oversea-Chinese Banking Price Performance
The company has a 50 day moving average price of $16.96 and a 200 day moving average price of $16.00.
About Oversea-Chinese Banking
Oversea-Chinese Banking Corporation (OTCMKTS: OVCHF) is a leading Singapore-based financial services group offering a broad range of banking, wealth management, insurance and asset management solutions. The bank provides retail and corporate banking services, including deposits, loans, trade finance, treasury and cash management. Through its subsidiary Great Eastern Holdings, it also delivers life insurance and general insurance products, while its asset management arm serves institutional and individual investors with unit trusts and private banking solutions.
Established in 1932 through the merger of Chinese Commercial Bank Limited, Ho Hong Bank Limited and Oversea-Chinese Bank Limited, OCBC has grown into one of Southeast Asia’s oldest and most stable financial institutions.
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