Markets highlights

1 Alibaba is heading for the fourth straight monthly decline in its stock price as analysts cut revenue estimates for the key quarter of the year. Its market cap has been down about US$75 billion (S$107 billion) since late May, said Bloomberg.

2 Norway's US$819 billion (S$1.17 billion) Government Pension Fund is looking to buy properties in Tokyo and Singapore in the coming months, Reuters said. The first investment could come this year or early next year.

3 OLS Enterprise will be removed from the Singapore Exchange's watch list with effect from today. It will be transferred from the mainboard to Catalist.

4 Frasers Centrepoint says that it has extended the service agreement of group chief executive officer Lim Ee Seng from today to Sept 30 next year.

5 Due to market volatility, Loyz Energy says a deal to acquire Primeline Energy has been terminated by mutual consent.

A version of this article appeared in the print edition of The Straits Times on October 01, 2015, with the headline 'Markets highlights'. Print Edition | Subscribe