Market highlights

1 There were 13.2 million shares bought back by 13 companies for $32.7 million in February. The companies included Keppel Corp, OCBC Bank, SGX, Singtel and Sembcorp Industries.

2 Yangzijiang Shipbuilding said fourth-quarter net profit leapt to 607.8 million yuan (S$124.5 million) from 41.5 million yuan a year ago. Revenue rose 76 per cent to 5.5 billion yuan from 3.1 billion yuan a year ago.

3 GSS Energy's chief executive officer Sydney Yeung Kin Bond raised his stake in the firm by 4 million shares on March 1, at an average price of 13.5 cents per share (excluding brokerage and stamp duties).

4 Property firm OUE's subsidiary Treasure International acquired 6.36 million shares in International Healthway Corporation at 10.6 cents apiece. OUE is in the midst of a takeover bid for IHC.

5 Mainboard-listed shipbuilder Vard Holdings said in the quarter ended Dec 31, net loss was 19 per cent smaller at 67 million Norwegian kroner (S$11.2 million). Revenue was 15 per cent lower at 2.2 billion Norwegian kroner.

A version of this article appeared in the print edition of The Straits Times on March 02, 2017, with the headline 'Market highlights'. Print Edition | Subscribe