Market highlights

1 American bank Morgan Stanley reported a fall in adjusted second-quarter profit to US$1.43 billion (S$1.94 billion) as cost-cutting failed to offset a decline in sales from trading and investment banking, Reuters said.

2 Huan Hsin Holdings is selling its stake in Ideal Project Consultant, which owns an industrial site in Shanghai, to Link JV. Huan Hsin, which is on the Singapore Exchange watch list, is raising money to pay off debt.

3 Nordic Group, which needs to meet the minimum trading price requirement of 20 cents per share, said the six-month average price has been maintained above this level since July 8.

4 Wilmar International bought back two million of its own shares at between $2.97 and $2.99 each. The total amount paid was $5.96 million .

5 ST Engineering 's electronics arm ST Electronics secured about $650 million worth of contracts in the second quarter.

A version of this article appeared in the print edition of The Straits Times on July 21, 2016, with the headline 'Market highlights'. Print Edition | Subscribe