Why did the Rex International share price rise today?

Shares moved after the company reported first oil from the AK-2H well at Benin’s Seme Field via Lime Petroleum. Price closed at S$0.151, up 4.86%, on heavy volume of 43.5 million shares. The milestone eases project risk and improved sentiment for SGX oil stocks.

Is today’s bounce in 5WH.SI stock sustainable?

Sustainability depends on production ramp timing, costs, and any updates on drilling progress. Technicals are mixed, with RSI at 46.21 and the stock below its 200-day average. A confirmed break above S$0.1637 would help. Slippage on guidance could cap near-term upside.

What price levels should traders watch on Rex International?

Immediate resistance is S$0.153, then S$0.16 and the 200-day average at S$0.1637. Supports are S$0.146 and S$0.14, with S$0.091 as the 52-week low. Monitoring closes around these levels can help gauge momentum and potential risk-to-reward.

What are the next catalysts for Rex International on SGX?

Investors should watch for production updates from Benin’s Seme Field, guidance on costs and capex, and the upcoming earnings announcement on 27 Feb 2026. Clearer data on output stability and cash flow could drive the next leg for the Rex International share price.

Global Market Insights

5WH.SI Stock Today: February 19 — First Oil in Benin Lifts Shares

ByDanny Kontos February 19, 2026February 19, 2026

Rex International share price climbed today after the company said unit Lime Petroleum achieved first oil from the AK-2H well at Benin’s Seme Field. Shares of 5WH.SI traded at S$0.151, up 4.9%, with a volume surge. The move lifts near-term sentiment on SGX oil stocks as investors focus on production ramp timing. We review today’s print, the risk outlook into 2025, the technical setup, and what Singapore investors should watch next.