Singapore Strait Times Index opened lower on Wednesday and remained in negative territory throughout the trading session, and finally closing in the red, tracking overnight losses in global markets after US consumer inflation slowed less than expected in January.
During the day, the benchmark index ranged between 3,092.40 and 3,142.08, ending 0.09% or 2.80 points lower at 3,139.07.
In economic news, derivatives traded volume surged 27% year over year, according to data released by Singapore Exchange.
In corporate news, Golden Banks Yachts' (SGX:G50) shares rose over 8% no Wednesday's close, as the company almost doubled its attributable profit in the fiscal first half to SG$6.9 million, or SG$0.0371 per share, from SG$3.6 million, or SG$0.0195 per share, a year earlier.
CapitaLand Investment (SGX:9CI) closed 1% lower on Wednesday, as it set up a private fund with a target equity size of $600 million.
Shares of the company fell over 1% in Wednesday's trading.
Mapletree Industrial Trust (SGX:ME8U) closed flat on Wednesday, as the trust's distribution per unit plummeted by 0.9% to SG$0.0336 in the fiscal third quarter ended Dec. 31, 2023, from SG$0.0339 a year ago.