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Singapore shares close 0.4 per cent up on Wednesday

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SINGAPORE stocks ended 0.4 per cent higher on Wednesday, with the Straits Times Index (STI) rising 10.68 points to 2,863.65.

The blue-chip index extended its gains following an overnight pick-up on Wall Street after data showed relatively more solid consumer spending in the United States.

About 1.26 billion shares worth S$709.1 million in total changed hands, which worked out to an average unit price of S$0.56 per share.

The most actively traded counter was Noble Group, which rose S$0.02 to S$0.46 with 81.6 million shares changing hands. Other actives included Rex International and Stratech Group.

Gainers outnumbered losers 250 to 153, or about five up for every three down.