Market highlights

1 Oil hit a 2016 high of above US$43 a barrel, on hopes that an upcoming oil producers' meet will agree on steps to tackle a supply glut. A weak US dollar and fresh signs of strong China demand helped, Reuters said.

2 Neptune Orient Lines group CEO Ng Yat Chung's remuneration package for last year came to US$2.48 million (S$3.34 million). This included salary, bonus and equity incentives.

3 Lorenzo International has placed out 60 million shares at an issue price of two cents each. Lorenzo said it intends to use the estimated net proceeds from the placement of about $1.16 million for general working capital purposes.

4 Changjiang Fertilizer has put its assets in China up for sale. In a reverse takeover, it will become the owner of all the 23 ground-floor units in One Commonwealth, a nine-storey light industrial building here.

5 Sembcorp Industries' wholly-owned unit Sembcorp Utilities has increased its stake in Sembcorp Green Infra to 67.67 per cent from 65.12 per cent.

A version of this article appeared in the print edition of The Straits Times on April 13, 2016, with the headline '1 2 3 4 5 Market highlights'. Subscribe