Market highlights

1 Gold retreated for a third straight day yesterday as investors await a policy review from the European Central Bank, amid speculation that yet more stimulus is on the way, Bloomberg reported.

2 Daewoo Shipbuilding & Marine Engineering said it expects an operating profit this quarter after a record loss last year. The shipbuilder is working on nine offshore projects, said Bloomberg.

3 Perennial Real Estate sold $125 million of three-year bonds at 4.9 per cent yesterday, the second high-yield bond deal this week, following Courts Asia's $75 million issue on Monday, said The Business Times.

4 EnGro Corp associate Jinan Luxin Materials has received approval for its initial public offering on China's new third board, the National Equities Exchange and Quotations.

5 Property developer Oxley Holdings bought back 50,000 of its own shares at 42 cents apiece. It paid $21,053.93.

A version of this article appeared in the print edition of The Straits Times on March 11, 2016, with the headline '1 2 3 4 5 Market highlights'. Print Edition | Subscribe