Market highlights

1 Malaysian palm oil futures rallied to a 31/2-week high despite a stronger ringgit. Palm oil contracts for August rose 0.9 per cent to RM2,666 per tonne, Reuters said.

2 Property player Lafe Corporation yesterday said the SGX has placed it on the watchlist following news that it has been in the red for three consecutive years.

3 Commodity firm Olam International bought back 550,000 shares yesterday at between $1.81 and $1.845 each for a total consideration of $1.008 million.

4 China Fibretech wants an extension to July 31 to release full-year results due to findings by auditors RT. The firm is trying to resolve these and finalise a time for the auditors to do more tests in China.

5 Renewable Energy Asia said the SGX has approved its request to report results for the year to March 31 by Aug 31, instead of the usual May 31.

A version of this article appeared in the print edition of The Straits Times on June 04, 2016, with the headline 'Market highlights'. Print Edition | Subscribe