Market highlights

DBS, OCBC and UOB banks averaged a 1.4 per cent gain yesterday, beating the Bloomberg Asia Pacific Banks Index, ahead just 0.1 per cent. Turnover was 70 per cent up on the preceding five sessions.

2 SGX-listed China Yuanbang Property will register a loss for the year ended June 30, mainly due to the impairment in the fair value for car parking spaces held for sale and higher land appreciation tax in China.

3 Cosco Corporation said its indirect subsidiary Cosco (Dalian) Shipyard has delivered two jack-up rigs to the Foresight Group of companies. The rigs can drill at depths of up to 30,000 feet.

4 SGX-listed Cedar Strategic announced a rights issue of up to 5.8 billion shares at an issue price of 0.36 cent apiece on the basis of one rights share for every two ordinary shares.

5 Mun Siong Engineering's 100 per cent-owned unit Pegasus Advance Engineering has incorporated a limited liability partnership in India, Pegasus Advance Engineering, to explore opportunities.

A version of this article appeared in the print edition of The Straits Times on August 25, 2016, with the headline 'Market highlights'. Subscribe