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SGX:O32 16 April 2026

Singapore Stock Market Today: STI Slips Despite Asia Rally as Banks Drag, Olam Jumps

Singapore Stock Market Today: STI Slips Despite Asia Rally as Banks Drag, Olam Jumps

Singapore’s Straits Times Index fell 0.27% to 5,007.83 on Thursday, weighed by declines in DBS, OCBC, UOB, and Singtel. Olam surged nearly 8% after clearing the last hurdle for its Olam Agri sale. The STI lagged regional peers as Japan’s Nikkei 225 and Hong Kong’s Hang Seng both advanced. Singapore’s economy remains sensitive to higher import costs and supply disruptions despite recent GDP growth.

Stock Market Today

  • UiPath Shares Rise Amid Russell Index Rebalancing; Short Interest a Key Risk
    June 28, 2026, 12:37 PM EDT. UiPath's stock rose 6.04% to $10.53 on heavy volume amid the Russell U.S. index reconstitution, shifting to a semiannual schedule. Short interest remains high at 32.23% of the float, suggesting potential volatility. The rebalancing, described by analysts as a significant trade event, affected liquidity and trading volumes. UiPath reported fiscal Q1 revenue of $418 million, a 17% increase, and its CEO highlighted growth in agentic products. Despite gains, the absence of near-term investor events and ongoing high short interest could stall momentum. Market-wide, small caps outperformed amid quarter-end rotations.

Latest articles

TeraWulf (NASDAQ:WULF) short interest, volume in focus as AI rally gets tested

TeraWulf (NASDAQ:WULF) short interest, volume in focus as AI rally gets tested

28 June 2026
TeraWulf plunged 10.9% to $25.83 this week—sharply underperforming the Nasdaq—after hitting a 52-week high Monday, as Friday’s Russell index reconstitution drove volume to 66.3 million shares, but failed to clear the heavy 108.65 million share short interest, leaving WULF exposed to further volatility as investors weigh the long-term payoff of its Kentucky data-center expansion.
MSFT rally set for Russell reshuffle as AI spending jitters hang over stock

MSFT rally set for Russell reshuffle as AI spending jitters hang over stock

28 June 2026
Microsoft (MSFT) surged 5.71% to $372.97 on record volume as FTSE Russell index changes moved the stock into both growth and value indexes, driving a “really massive trade” and “key liquidity day”; investors now face uncertainty over real demand versus index flows, with capex and AI spending weighing on future profitability.
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