STI climbs 0.78% to 2,505.15 ahead of US Fed policy meeting
Sembcorp Industries in full gallop; Shinvest jumps on efforts to dispose stake in China company.
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
Chevron's quarterly profit beats estimates
EU toughens rules on Chinese fashion retailer Shein