Market highlights

1 Oil headed for a second weekly advance as US crude production continued to decline and firefighters defended Canadian oil sands operations from wildfires, reported Bloomberg.

2 Hong Kong's markets regulator has taken the first step to impose rules to force stock brokers to disclose the individual identities of investors making equities trades, Reuters reported sources as saying.

3 ARA Asset Management, after accumulating more units, has become a substantial shareholder of Suntec Reit, with a holding of 5.02 per cent.

4 Managed healthcare provider Fullerton Health said its Indonesian unit has acquired Indonesian player Medilum, which provides healthcare services. Fullerton is eyeing a Singapore Exchange listing, The Business Times reported.

5 Developer OKH Global said Haiyi Holdings will lend it $10 million. OKH executive chairman and chief executive Bon Ween Foong is giving a personal guarantee.

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