Market highlights

1 The world's two biggest oil producers, Saudi Arabia and Russia, agreed to "act together" to stabilise prices, but failed to make headway on a production freeze, AFP reported.


2 Of the SGX's actively traded stocks, OUE Hospitality Trust was the biggest volume jumper last week. Others included Lippo Malls Indonesia Retail Trust and Singapore Medical Group.


3 The manager of Suntec Reit said the issue of $300 million of 1.75 per cent convertible bonds due in 2021 successfully closed yesterday.


4 Mainboard-listed ISR Capital will issue 141,176,470 new shares to four investors - three individuals and a private equity firm - at 8.5 cents per share, with the aim of raising $12 million in gross proceeds.


5 Kingboard Copper Foil was removed from the SGX watch list yesterday after the bourse operator assessed the company and looked at its volume-weighted average price over the past six months.

A version of this article appeared in the print edition of The Straits Times on September 06, 2016, with the headline 'Market highlights'. Print Edition | Subscribe