STI climbs 0.78% to 2,505.15 ahead of US Fed policy meeting

SINGAPORE stocks ended higher on Wednesday, ahead of the Fed policy meeting. The Straits Times Index finished 19.32 points or 0.78 per cent higher at 2,505.15. This was close to its intra-day high of 2,508.16.

The best-performing index component by a long way was Sembcorp Industries (SCI), which has been steadily edging higher over the last few days, after separating itself from its offshore and marine unit.

On Wednesday, SCI broke into a full gallop, rising 8.9 per cent to close at S$1.34.