Market highlights

1 Global bank rating trends were negative again in the first half of this year, says Fitch Ratings.

2 Gold rallied for a second day as falling equities lifted demand for a safe haven while the outlook for supportive monetary easing made non-yielding assets more attractive, Bloomberg reported.

3 Sunright, a manufacturer of parallel test equipment, was queried on its unusual price movements. The SGX-listed firm had not issued a reply as of last night.

4 Olam International bought back 244,800 shares at prices between $1.92 and $1.945 apiece. The total consideration paid was $476,786.52.

5 BreadTalk said that a substantial shareholder, Primacy Investment, has raised its stake from 13.02 per cent to 14.03 per cent.

A version of this article appeared in the print edition of The Straits Times on August 17, 2016, with the headline 'Market highlights'. Print Edition | Subscribe