Market highlights

1. The Singapore Exchange has bought back 150,000 of its shares at prices between $7.42 and $7.43 for a total of $1,114,623.


2. Offshore marine player Ezion expects a net loss for the first quarter ended March 31, owing to the depreciation of the US dollar which has resulted in a material foreign-exchange loss on its liabilities, which are in Singdollars.


3. Singapore-listed jewellery firm Soo Kee said the period before agreeing on whether to enter into a joint venture in Thailand with Aurora Design has been extended by 60 days, in addition to the initial 90 days.


4. Offshore and marine group ASL Marine expects to report a net loss for the third quarter ended March 31, owing to lower operating profit and increased administrative expenses, among other factors.


5. Seroja Investments expects a loss for the quarter ended March 31, mainly as a result of lower revenue, caused by lower cargo volumes as well as lower average freight rates for the period under review.

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on May 09, 2017, with the headline Market highlights. Subscribe