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SGX:OCBC News 21 January 2026

OCBC stock price edges up on new securities-financing unit as investors look to Feb results

OCBC stock price edges up on new securities-financing unit as investors look to Feb results

Singapore, Jan 21, 2026, 14:55 SGT — Regular session OCBC shares inched higher by 0.25% to S$20.40 as of 2:50 p.m. local time Wednesday, with about 2.38 million shares traded. The stock has swung between S$14.35 and S$20.54 over the last year. (SG Investors) OCBC is placing its chips on fee income this time. The bank unveiled a new securities…
21 January 2026
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Stock Market Today

  • Newegg Shares Drop Nearly 18% After Chairman's Detention by Chinese Anti-Corruption Authorities
    January 27, 2026, 8:12 AM EST. Newegg's stock plunged 17.7% following the detention of its chairman, He Zhitao, by China's Haibei Prefecture Supervisory Commission, the country's main anti-corruption agency. Majority owner Hangzhou Lianluo Interactive Information Technology stated the detention is a personal matter and emphasized normal business operations continue. Despite reassurances, the stock market reacted sharply, fueling speculation and triggering law firms to explore potential class action lawsuits for alleged securities law violations. He's detention underscores risks tied to corporate governance in firms with significant foreign ownership. Newegg, originally founded in California, was taken public after a merger with Beijing-based Lianluo, which holds 54.5% of the company. Legal scrutiny follows similar investor suits linked to corporate disclosures and stock price volatility in recent years.
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