Markets highlights

Ten-euro banknotes with euro written in Greek in the middle.
Ten-euro banknotes with euro written in Greek in the middle. PHOTO: AFP
  1. Volatility and uncertainty are likely to remain market constants for the rest of the week in the wake of the Greek referendum's "No" result on Sunday.
  2. Oil prices hit their lowest levels since mid-April in the wake of the Greek referendum. Brent crude oil fell to a low of US$58.28 a barrel before recovering slightly to around US$58.75.
  3. Weakness in the ringgit continued unabated as the Greek crisis hit sentiment while Malaysia's political uncertainty also weighed on the currency. It slipped to a 16-year low against the US dollar and weakened to RM2.8184 to the Singdollar.
  4. Resorts World Sentosa operator Genting Singapore, a component of the Straits Times Index, is languishing at around 90 cents. But an OCBC Bank research report notes that next year, it will open an integrated resort on Jeju Island in South Korea, and another in Japan.
  5. The 10 most active healthcare stocks averaged a 26.4 per cent price jump so far this year. The healthcare sector was the second best performing sector in the first and second quarters of this year. Stocks include International Healthway Corporation and AsiaMedic.
A version of this article appeared in the print edition of The Straits Times on July 07, 2015, with the headline 'Markets highlights'. Print Edition | Subscribe