Singapore Stocks incurred losses on Wednesday, mirroring regional performances as the US Federal Reserve hinted at one more interest rate hike later this year.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,410.32 and 5,453.59 throughout the day. It ended the session at 5,423.33, down 7.17 points or 0.1% compared to Tuesday's close.
In economic news, Singapore's economy expanded 5.4% year over year in the third quarter of 2026, according to advance estimates released by the Ministry of Trade and Industry (MTI).
YZJ Shipbldg, SingPost up nearly 2%; Sheng Siong, Genting Sing up around 1%; OCBC Bank, YZJ Maritime, SGX down within 1%.
On the corporate front, shares of mDR (SGX:Y3D) closed nearly 3% lower as it sold 30,000 shares in CytoMed Therapeutics through NASDAQ market transactions.
Parkway Life REIT (SGX:C2PU) shares were up under 1% as it agreed to acquire three nursing homes in France from DomusVi Group for around 38.8 million euros.
Meanwhile, USP Group (SGX:BRS) unit Supratechnic (M) signed a collaboration agreement with Iceland-based GreenFish to exclusively distribute its Afli AI-powered fishing app in Malaysia, Singapore and Indonesia.
