Market highlights

1 The IT sector was the strongest share market performer last month, with market capitalisation-weighted total returns of 11.7 per cent. Industrial stocks were next with a 2.9 per cent return.

2 Jaya Holdings' proposed reverse takeover of Papua New Guinea lender Heduru Moni failed to get pre-clearance from the Singapore Exchange. Jaya, previously an offshore fleet and shipyard owner, is now a cash company.

Ziwo's newly-incorporated Malaysian unit has signed a dealership agreement to market and sell electric motor scooters made by Hong Kong-listed Yadea Group, the largest such maker in China.

4 Wilmar International's Yihai Kerry Investments has acquired 50 per cent of Three-A (Qinhuangdao) Food Industries for RM5 million (S$1.6 million).

5 Hupsteel bought back 210,900 of its shares at between 78 cents and 79 cents each for a total sum of $165,992.

A version of this article appeared in the print edition of The Straits Times on September 06, 2017, with the headline 'Market highlights'. Subscribe