Market highlights

1 Sembcorp Industries bought back 100,000 of its shares at $2.9018 each.

2 The SGX MOE (Maritime and Offshore) Index has gained 12.5 per cent in the past one month, mainly due to oil prices, which rallied 16.4 per cent after Opec announced production cuts.

3 Cordlife Group has agreed to acquire 229.6 million StemLife shares representing about 92.79 per cent of the issued and paid-up capital of the firm.

4 SGX-listed CWG International has won final approval from the New South Wales government in Australia to increase the site's plot ratio for its Bluesky @Parramatta condominium.

5 Olam International's Olam Americas has priced US$175 million (S$249 million) of five-year fixed-rate notes. It works out to a fixed coupon of 3.9 per cent. Besides repaying bank debt, proceeds will be used for general corporate purposes.

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