Oiltek PE 104x Valuation Reset Alert | SGX Weekly Gainers & Losers 19 Apr 2026 |

Like buying a "cheap" hawker meal only to find the portion shrunk—don't let Olam's 5.1% yield fool your wallet.

The Macro Pulse

The Straits Times Index closed the week at 4,997.93, sitting in a protracted consolidation phase exactly 1,002.07 points from the psychological 6,000-point milestone. Broader market turnover reached 1.8 billion securities traded, reflecting selective institutional flight to liquidity ahead of the US-Iran ceasefire expiration. The single macro driver dictating this rotation is severe compression in short-term risk-free rates. The 6-month T-Bill yield dropped to 1.47% at the April 9 MAS auction, forcing institutional capital out of structural risk sectors and directly into high-yield banking sanctuaries.