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Stock Market 28 January 2026

Jardine Matheson stock price slides 4% as MSCI’s Indonesia warning dents sentiment

Jardine Matheson stock price slides 4% as MSCI’s Indonesia warning dents sentiment

Jardine Matheson shares fell 4.4% to $72.91 in Singapore Wednesday afternoon, tracking a sharp selloff in Indonesian stocks after MSCI raised concerns over ownership and free float. Jakarta’s main index dropped nearly 7%, triggering a trading halt. Jardine has major exposure to Indonesia through its stake in Astra. The company continued share buybacks and reported insider purchases this week.
28 January 2026
Yangzijiang Shipbuilding stock edges up to S$3.33 as Singapore STI dips — traders eye Fed, March earnings

Yangzijiang Shipbuilding stock edges up to S$3.33 as Singapore STI dips — traders eye Fed, March earnings

Yangzijiang Shipbuilding shares rose 0.3% to S$3.33 in afternoon trading Wednesday, rebounding after a late-January dip but still 11% below their Jan. 14 high. Short selling made up 43% of Tuesday’s 20.3 million shares traded. Singapore’s Straits Times Index slipped 0.47% after a 1.28% gain Tuesday. Yangzijiang’s next earnings release is scheduled for March 4.
Singapore Airlines share price slips as summer flight boost meets rising oil

Singapore Airlines share price slips as summer flight boost meets rising oil

Singapore Airlines shares fell 0.6% to S$6.34 by mid-afternoon Wednesday after announcing expanded flights to Bangkok, Yangon, and Surabaya for the March–October season. The carrier will deploy the Airbus A380 to Dubai and warned of possible disruptions during the Singapore Airshow. Oil prices remained steady, keeping fuel costs in focus ahead of the Feb. 24 business update.
UOL share price slips after JPMorgan upgrade rally fades in Singapore

UOL share price slips after JPMorgan upgrade rally fades in Singapore

UOL Group shares fell 2.8% to S$10.87 on Wednesday after surging 8% the previous day, following a JPMorgan upgrade and heavy trading. The stock traded 3 million shares in a S$10.56–S$10.99 range. UOL recently won a S$1.5 billion mixed-use site at Hougang Central. Investors await full-year results on Feb. 26 for updates on project launches and Marina Square redevelopment.
28 January 2026
ST Engineering stock price ticks higher on record S$18.7b contract wins — what traders watch next

ST Engineering stock price ticks higher on record S$18.7b contract wins — what traders watch next

ST Engineering shares rose 0.3% to S$9.47 after reporting record FY2025 contract wins of S$18.7 billion, including S$4.7 billion in the fourth quarter. Broker CGS International raised its target price to S$10.20, citing new defence contracts. FY2025 results are due Feb 27. The company said recent contract wins will not significantly affect current-year earnings.
DBS share price near record highs as SGX bank rally cools, Fed decision ahead

DBS share price near record highs as SGX bank rally cools, Fed decision ahead

DBS Group Holdings shares hit a new 52-week high of S$59.57 before easing to S$59.40 in Wednesday afternoon trading, following a record close Tuesday. Phillip Securities downgraded DBS and OCBC to “neutral” after recent price gains, citing margin pressure from falling SORA rates. Traders await the U.S. Federal Reserve’s policy decision and DBS’s full-year results due Feb. 9.
28 January 2026
WiseTech Global (ASX:WTC) share price hits 52-week low as inflation shock fuels rate-hike bets

WiseTech Global (ASX:WTC) share price hits 52-week low as inflation shock fuels rate-hike bets

WiseTech Global shares fell 3.8% to A$60.70 in Sydney, hitting a 52-week low as traders braced for a possible Reserve Bank of Australia rate hike next week. Australia’s trimmed-mean CPI rose 3.4% year-on-year in the December quarter. The S&P/ASX 200 closed down 0.09%, with tech stocks leading declines. WiseTech reports half-year results on Feb. 25.
28 January 2026
South32 share price hits a 52-week high on ASX as rate bets shift and metals surge

South32 share price hits a 52-week high on ASX as rate bets shift and metals surge

South32 shares closed up 1.3% at A$4.56 in Sydney, hitting a 52-week high of A$4.59, with 15.35 million shares traded. Australian core inflation rose 0.9% for the quarter, prompting traders to price in a 73% chance of a rate hike by the RBA next week. The S&P/ASX 200 slipped 0.09% to 8,933.9 after the inflation report. Spot gold surged past $5,200 an ounce as the U.S. dollar weakened.
Paladin Energy share price jumps on uranium’s $91 rally — what to watch next for ASX:PDN

Paladin Energy share price jumps on uranium’s $91 rally — what to watch next for ASX:PDN

Paladin Energy shares rose 5.4% to A$13.94 on Wednesday, near a 52-week high, as uranium futures hovered at $91.15 a pound, their highest in almost two years. Paladin reported a 16% jump in quarterly production and plans to release interim results Feb. 12. Short interest in Paladin slipped to 11.87%. The ASX is now closed, with attention turning to whether the uranium rally will continue.
28 January 2026
Lynas Rare Earths share price rises as ASX shuts; RBA hike bets and U.S. rare-earth deal loom

Lynas Rare Earths share price rises as ASX shuts; RBA hike bets and U.S. rare-earth deal loom

Lynas Rare Earths closed up 1.2% at A$16.20 as the S&P/ASX 200 slipped 0.1%. Core inflation rose 3.4% year-over-year, pushing swap markets to price in a 73% chance of a Feb. 3 RBA rate hike. USA Rare Earth said the Trump administration plans to back a $1.6 billion funding deal. Lynas flagged a 30% drop in NdPr output last quarter due to power disruptions and maintenance.
28 January 2026
Macquarie (ASX:MQG) share price slips as Australia inflation shocks rate bets — what investors watch next

Macquarie (ASX:MQG) share price slips as Australia inflation shocks rate bets — what investors watch next

Macquarie Group shares fell 1.1% to A$212.84 on Wednesday after hotter-than-expected inflation data raised market bets on a Reserve Bank of Australia rate hike next week. The trimmed mean CPI rose 0.9% in the December quarter, lifting the annual rate to 3.4%. The ASX 200 slipped 0.09%, while the Australian dollar hovered just below 70 U.S. cents. Macquarie made no new disclosures to the market.

Stock Market Today

  • Parex Resources (TSX:PXT) Seen Slightly Overvalued Despite Recent Strong Gains
    March 14, 2026, 4:15 PM EDT. Parex Resources (TSX:PXT) shares surged about 24% over the past month and over 110% over the year, drawing attention to its current valuation. Despite the strong price momentum, analysts place the stock at a fair value near CA$24.74, slightly below the latest price of about CA$26.08, suggesting a 5.4% overvaluation. Consensus price targets hover around CA$17.17, reflecting cautious expectations for revenue and earnings growth through 2028. The divergence between traditional valuation models and discounted cash flow (DCF) estimates-one indicating undervaluation and the other mild overvaluation-creates uncertainty about true value. Investors should consider regulatory risks in Colombia and potential costs to sustain production levels when assessing Parex's outlook.
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