Market highlights

1 Malaysia's ringgit rose the most in more than nine weeks after the weak United States job numbers while crude prices rose above US$50 a barrel, Bloomberg reported.


2 Olam International bought back 600,000 shares at prices ranging from $1.83 to $1.855 apiece. The total consideration was $1.1 million.


3 Hosen Group said the Commercial Affairs Department has interviewed independent director Ngiam Zee Moey in relation to Zhongxin Fruit and Juice with regard to possible Securities and Futures Act infringements.


4 Property player Chip Eng Seng plans to issue $120 million worth of notes at a coupon of 4.75 per cent. The notes will be due in 2021.


5 Vallianz has terminated an agreement to place out 550 million new shares to a group of investors as both sides could not agree on a commercial cooperation agreement.

A version of this article appeared in the print edition of The Straits Times on June 07, 2016, with the headline 'Market highlights'. Print Edition | Subscribe