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Top Stock Market Highlights of the Week: Metro Holdings, Singapore Exchange, Mi Technovation and Singapore’s Inflation
['The Smart Investor', 'Min Read']
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This week brought a mix of corporate transformation, market infrastructure news and fresh economic data.
Meanwhile, the local exchange has opened a new door to US-listed growth names, and a Malaysian semiconductor player is eyeing an SGX listing.
Retailer Exits Large-Format Department StoresMetro Holdings (SGX: M01) will stop operating its department stores at Paragon and Causeway Point when the current leases expire, as it intends to progressively move away from traditional large-format department stores.
The two outlets are Metro's last remaining large-format department stores in Singapore.
The US SDRs let investors trade these names in Singapore dollars during local market hours, removing foreign currency conversion friction.