Singapore's Shares Edge Up Over Federal Reserve Interest Rate Prospects; Wee Hur Surges 7%

MT Newswires10-28 17:43

Singapore shares slightly rose at the close on Wednesday, tracking regional gains, as markets reacted positively to the possibility of the US Federal Reserve keeping interest rates steady.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,382.96 and 5,425.37 throughout the day. It ended the session at 5,397.91, up 0.88 points or 0.02% compared to Tuesday's close.

On the corporate front, shares of Wee Hur (SGX:E3B) closed over 7% higher as it secured 2-year, 8-month extension of the land lease for its 15,744-bed Tuas View Dormitory in Singapore, from JTC.

Aoxin Q&M Dental (SGX:1D4) shares closed over 4% higher as it received an in-principle approval from the Singapore Exchange for its proposed transfer to the Mainboard.

Meanwhile, Parkway Life REIT (SGX:C2PU) shares were down over 1% at the close as it entered into four facility agreements to refinance existing debt.

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