Banking stocks were mostly down in early morning trade

$DBS Group Holdings (D05.SG)$ was flat at S$34.66 and $OCBC Bank (O39.SG)$ was trading 0.9 per cent or S$0.12 lower at S$12.78.
$UOB (U11.SG)$ declined 1.5 per cent or S$0.46 to S$30.53. This came as the lender reported a 24 per cent climb in H2 profit to S$2.6 billion. Full-year profit stood at S$4.6 billion, slightly below consensus estimates.