Market highlights

1 Malaysian sovereign fund Khazanah Nasional may pare its stakes in Tenaga Nasional, Axiata Group and IHH Healthcare to raise up to RM3.6 billion (S$1.2 billion), according to sources cited by Bloomberg.

2 The FTSE ST All Share Index has generated a 6.5 per cent total return. Of these, 16 firms generated positive momentum and returns, including Sino Grandness Food Industry, UMS and Yoma Strategic, the Singapore Exchange said.

3 Investment holding firm Longcheer Holdings said it expects to report a loss for the third quarter to March 31.

4 Dyna-Mac expects to report a net loss for the first quarter to March 31. The company designs and makes floating production storage offloading vessels for the oil and gas industries.

5 Property group Fragrance will acquire a property in Tasmania, Australia, for A$5.5 million (S$5.54 million). The 3,009 sq m freehold site is near Macquarie Street, close to the central business district.

A version of this article appeared in the print edition of The Straits Times on May 11, 2016, with the headline 'Market highlights'. Print Edition | Subscribe