Markets highlights

A man walking past a share prices board at a security firm in Hangzhou, eastern China's Zhejiang province.
A man walking past a share prices board at a security firm in Hangzhou, eastern China's Zhejiang province.PHOTO: AFP

1 Investors, who took a lot of money off the table on Monday, returned to the Singapore stock market yesterday, possibly because they saw good value in some of the counters.

2 China's policymakers have been busy in the recent few days as the country's stock markets took a drubbing. The latest move, allowing stocks to be purchased using pension funds, seems to have stemmed the tide of red ink.

3 The ringgit rebounded from a 10-year low after Bank Negara Malaysia governor Zeti Akhtar Aziz said its weakness is not sustainable. But uncertainty remains as ratings agency Fitch is set to announce its review of Malaysia's sovereign rating anytime now.

4 As oil prices remain in the doldrums, one of Singapore's largest companies, Sembcorp Marine, announced a reorganisation, focusing on four key capabilities: rigs and floaters; repairs and upgrades; offshore platforms; and specialised shipbuilding.

5 Myanmar remains at the top of the agenda for many Singapore companies. A report by United Overseas Bank showed that many companies are focusing on investments in manufacturing and hospitality.

A version of this article appeared in the print edition of The Straits Times on July 01, 2015, with the headline 'Markets highlights'. Print Edition | Subscribe