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Singapore Wrap Thursday
HDB resale prices dropped 0.5 per cent in July from a month ago, going by SRX Property's flash estimate, with four-room, five-room and executive flats being the main drag.
Noble Group said on Thursday that it has fully redeemed the 2015 and 2020 securities the day before.
German retailer Metro AG has bought Singapore-based restaurant supplier Classic Fine Foods Group from private equity group EQT for $290 million, it said on Thursday as it reported a slowdown in same-store sales due to a shift in Easter.
The second phase of the Downtown MRT Line (DTL2) - which will pass through the Bukit Timah corridor and has 12 stations - will open on Dec 27.
- Hyflux earnings plunge 58% in Q2
- Ho Bee Land's Q2 profit jumps 37%
- Kim Heng Offshore & Marine expects to report loss in Q2
The STI Today
It hasn't been a particularly good week for the local stock market, with the Straits Times Index dropping for two out of the four days, and with Thursday's 5.27 points rise to 3,196.66 only a token - and feeble - attempt at a National Day rally.