Market highlights

1 SGX-listed EnGro has taken a stake in R&P Technologies. The company's principal activity is manufacturing and distributing thermoplastic compounds for the automotive industry.

2 Singapore Post has incorporated a firm, Jagged Peak UK. Its principal activity is that of end-to-end e-commerce solutions, including software and fulfilment services.

3 Fitch Ratings has assigned Ascott Residence Trust a rating of "BBB" with a stable outlook. The trust has a globally diversified portfolio of serviced residence properties. The portfolio is resilient across economic cycles, Fitch noted.

4 Construction and Engineering firm Tiong Seng Holdings bought back 461,500 shares at 32 cents apiece for a total sum of $147,933.

5 Yanlord Land bought back 559,900 of its shares at between $1.77 and $1.79 apiece for a total sum of $998,542.

A version of this article appeared in the print edition of The Straits Times on September 27, 2017, with the headline 'Market highlights'. Subscribe