Market highlights

1 Energy companies such as Total and Royal Dutch Shell dragged European stocks to a second day of declines after talks between major producers ended in Doha without any agreement on limiting output.


2 Ornamental fish exporter Qian Hu's first-quarter profit fell 89 per cent to $12,000. Revenue fell 6 per cent to $19.6 million. Profits from accessories dived while the weak ringgit affected the Singapore numbers.


3 Steel firm BRC Asia warned that it expects to report a net loss for the quarter ended March 31. This is mainly due to foreign exchange losses on currency forward contracts that it entered into to hedge purchases of raw materials.


4 After the recent Japan earthquakes, Accordia Golf Trust Management said that out of its 89 golf courses, only operations at Kikuchi Country Club, in the Kumamoto area, have been suspended since Saturday as a safety precaution.


5 China Star Food Group has successfully completed the placement of 25.25 million shares and 50.5 million warrants. It has now complied with the minimum public float requirements for Catalist firms.

A version of this article appeared in the print edition of The Straits Times on April 19, 2016, with the headline 'Market highlights'. Print Edition | Subscribe