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Foreign Market News

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(20 Mar 2024, 16:19)

Singapore Market ends 0.1% higher


The Singapore stock market finished session marginally higher on Wednesday, 20 March 2024, on tracking overnight gains in the Wall Street. However, market gains were limited amid caution ahead to the US Fed's monetary policy decision later in the day.

The Fed is widely expected to leave interest rates unchanged, but the central bank's accompanying statement could have a significant impact on the outlook for rates. Fed Chair Jerome Powell and his colleagues will update their economic and rate projections later in the day.

At closing bell, the Straits Times Index (STI) index was up 3.93 points, or 0.12% to 3,177.48 after trading between 3,174.13 and 3,188.06. Volume of 2.06 billion shares worth S$876.48 million changed hands. Across the broader market, advancers outpaced decline...

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