Top Stock Market Highlights of the Week: Metro Holdings, Singapore Exchange, Mi Technovation and Singapore’s Inflation
Welcome to this week’s edition of top stock market highlights.
This week brought a mix of corporate transformation, market infrastructure news and fresh economic data.
A long-standing Singapore retailer is stepping away from the format that made its name.
Meanwhile, the local exchange has opened a new door to US-listed growth names, and a Malaysian semiconductor player is eyeing an SGX listing.
Also, June’s inflation print showed price pressures creeping upwards.
Here is what investors should take note of.
Retailer Exits Large-Format Department Stores
Metro 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.
In a bourse filing on Monday, 20 July 2026, Metro said the shift follows a strategic review of its retail operations as it seeks to better align with evolving consumer preferences, shopping habits and market trends.
The two outlets are Metro’s last remaining large-format department stores in Singapore.
The group is instead exploring smaller-format stores, multi-specialty outlets, curated shopping experiences and pop-up initiatives, and said it is in discussions with current and other landlords on rolling out new multi-concept stores.
The company is still assessing the financial implications and cannot yet quantify the full earnings impact, though the board does not expect a material effect on consolidated net tangible assets or earnings per share for the financial year ending 31 March 2027.
Shares of Metro closed at S$0.46 on Monday.
It will continue pursuing opportunities through Grand Brands Asia, its brand management joint venture.
SDR Suite Expands to US-Listed Counters
Singapore Exchange (SGX: S68), or SGX, has expanded its Singapore Depository Receipts (SDR) suite with three US-listed counters — Grab (SGX: UGBD), Sea (SGX: UGGD) and SpaceX (SGX: UXSD) – which commenced trading on Wednesday, 22 July 2026 at market open.
The timing reflects strong momentum in the product.
Average daily turnover has more than tripled year on year, driven by record retail participation, while total assets under management have crossed S$280 million, up 153% year on year (YoY), with retail investors holding more than 80% of total holdings.
With these additions, SGX now offers 38 SDRs across four markets: Thailand, Hong Kong, Indonesia and the United States.
The appeal is largely practical.
The US SDRs let investors trade these names in Singapore dollars during local market hours, removing foreign currency conversion friction.
