Market highlights

1 Iron ore bear Andy Xie is sticking to his guns.The price will fall below US$40 a tonne before year-end. The metal will trade in the US$30 belt in 2016 as China demand sputters, Bloomberg quoted him as saying.

2 Wilmar International director and former Cabinet minister George Yeo bought 200,000 shares in the company for $588,000 - at $2.94 apiece.

3 Risks for Singapore real estate investment trusts will increase next year because weak economic fundamentals will weigh on demand while new supply is added in most sectors, Fitch Ratings said in a report.

4 Keppel Corp has issued $200 million of eight-year Singdollar bonds with a coupon of 3.725 per cent. Almost all the investors are from Singapore.

5 The five largest air freight and logistics stocks in Singapore have a market value of $6.2 billion. Total return this year is 5.1 per cent. The top performers are CWT, Poh Tiong Choon Logistics and Keppel Telecommunications & Transportation.

A version of this article appeared in the print edition of The Straits Times on November 24, 2015, with the headline 'Market highlights'. Print Edition | Subscribe