Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From mm2 Asia's film production to Keppel Offshore & Marine's Indonesian deal, get your daily dose of all the latest in the world of business right here.

By Aastha Agnihotri
September 7, 2017 18:21 +08

Singapore stocks closed lower for a second session on Thursday, dragged by financials such as OCBC and as geopolitical tensions over North Korea's nuclear and missile programme continued to cast a shadow.

The Straits Times Index lost 0.14 percent or 4 point to 3,228.

Shares in Singapore's largest taxi company, ComfortDelGro lost 1 percent, its third day of falls. The stock has been hammered after rival Grab launched what it calls "huge rental discounts" to woo its customers.

Keppel Corp shares fell 0.3 percent. Its unit Keppel Offshore & Marine said it has entered into a deal with Pavilion Energy and Indonesia's state-owned electricity provider PT Perusahaan Listrik Negara to distribute liquefied natural gas to remote areas in west Indonesia.

Shares in mm2 Asia gained 3 percent after its unit along with New Culture Media Hong Kong and 9i Film & Television Media agreed to co-invest US$25 million to co-produce five films.

Investment holding company CITIC Envirotech said it will acquire 60 percent stake in environmental and utility firm CITIC Qingyuan for 378 million yuan (S$78.3 million). The stock was rose 2 percent.