Market highlights

1 Oil prices hit their highest level in eight months, buoyed by the US dollar nearing one-month lows and by falling Nigerian oil output. Brent crude futures rose 67 US cents to US$51.22 a barrel, Reuters reported.

2 Samko Timber says it has reviewed options to exit the SGX watchlist, and that this is not the opportune time to make a decision on the option which will best serve the interest of its shareholders. It is monitoring the situation.

3 China Sky Chemical Fibre says it is unable to find a suitable chief financial officer. It has asked SGX for an extension - until Sept 9 - to comply with the condition, which is one of the criteria for a trading resumption.

4 Global Logistic Properties yesterday bought back 1.7 million shares at prices ranging from $1.80 to $1.82 each for a total of $3.1 million.

5 CapitaLand bought back 1.955 million shares yesterday at prices from $3.05 to $3.08 each. The property group paid $6 million for the purchase.

A version of this article appeared in the print edition of The Straits Times on June 08, 2016, with the headline 'Market highlights'. Print Edition | Subscribe