Markets highlights

1. The Singapore market will be closed today, but investors will still be monitoring the all-important US jobs data out later tonight. The numbers will be closely watched as a gauge of the strength of the US economy.


2. The Singapore Exchange said the average daily trading value of securities in July was $1.1 billion. This is 7 per cent lower than in June, but 15 per cent higher than a year ago. Total turnover for securities was $24.2 billion, down 2 per cent month on month.


3. Property firm UOL, which is chaired by banker Wee Cho Yaw, continues to up its stake in United Industrial Corp (UIC). UOL's stake in UIC is now 44.032 per cent.


4. The China slowdown is having an effect on S-chip earnings.

SGX-listed Changtian Plastic & Chemical said that it will report a second quarter loss as orders slow. This is due, it said, to China's weaker economic growth.


5. Weak regional currencies are hitting bottomlines. Property and jewellery player Aspial's profit fell to $2.5 million from $30 million a year ago, mainly due to the weak property sector. But the weakness of the Malaysian ringgit and Australian dollar were factors, too.

A version of this article appeared in the print edition of The Straits Times on August 07, 2015, with the headline '3 1 2 4 5 Markets highlights'. Print Edition | Subscribe