Singapore shares close 2.91 points higher on Wednesday

THE local market finished 0.09 per cent higher on Wednesday with the Straits Times Index moving up 2.91 points to 3,284 as markets awaited hints from the ongoing US Federal Reserve meeting that rates will rise in September.

About 1.98 billion shares worth S$1.14 billion in total changed hands, which worked out to an average unit price of S$0.58 per share.

One of the most actively traded stocks was Stratech Group, which rose S$0.009 to S$0.056 with 109.2 million shares changing hands. Other actives included China Sports and China Essence.

Losers outnumbered gainers 230 to 184.