Singapore shares close 1.2% higher on Wednesday

SINGAPORE stocks ended higher on Wednesday, with the Straits Times Index rising 36.79 points or 1.2 per cent to 3,071.1. 

Gainers outnumbered losers 232 to 141, after about 1.12 billion shares worth S$898.7 million changed hands.

The most actively traded counters were Nico Steel, which was flat at 0.5 Singapore cent, with 138.4 million shares traded, followed by Genting Singapore which rose 1.6 per cent to S$0.945, with 101.9 million shares traded. 

Other active stocks included OCBC which gained 1.7 per cent to S$10.76, and UOB which was up 1.2 per cent to S$25.63.