Market highlights

A Jefferies report noted that investors remained cautious towards global equities this week, continuing to sell their European stocks while still preferring bonds.

2 The ETFs that are part of the CPF Investment Scheme - the ABF Singapore Bond Index Fund, SPDR Gold Shares, Nikko AM Singapore STI ETF and SPDR Straits Times Index ETF - have averaged a 3.3 per cent return this year.

3 Vard Holdings, which designs and builds offshore and specialised vessels, has signed a letter of intent for the design and construction of two expedition vessels for an international cruise company.

4 Crane operator Tat Hong expects to report a loss for the fourth quarter and full year to March 31, due to further provisions and costs linked to factors such as foreign exchange losses.

5 SGX-listed United Engineers has agreed to sell shares in UES for $16 million. Another sale is of the shares in UE Envirotech and two entities for $30 million.

A version of this article appeared in the print edition of The Straits Times on May 14, 2016, with the headline 'Market highlights'. Print Edition | Subscribe