SGX
SGX Logo. Reuters
  • Singapore stocks edged lower on Wednesday, as investors braced for caution ahead of the Federal Reserve monetary policy decision later in the day.
  • The Straits Times Index fell 0.24 percent or 8 points to end at 3,218.
  • Shares in taxi operator ComfortDelGro fell 1.5 percent, its third straight decline after its unit SBS Transit lost the tender to operate the Thomson-East Coast line to competitor SMRT.
  • Singapore Technologies Engineering said it invested US$5.8 million (about S$7.8 million) for a minority stake in U.S.-based cyber security provider Janus Technologies Inc. Its shares fell 0.4 percent.
  • United Engineers shares lost 2 percent after the takeover offer by Perennial-Yanlord consortium for its ordinary shares lapsed on Tuesday as there were few takers.
  • Keppel Group's unit Keppel Land said it acquired a prime site in Jakarta's central business district for 586 billion Indonesian rupiah (about S$60 million). Keppel Corp shares ended down 0.2 percent.
  • Life insurance company Great Eastern Holdings is mulling to divest its stake in Malaysia operations for US$1 billion, the Wall Street Journal reported on Tuesday.