- POSTED: 18 Sep 2013 17:51
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Share prices in Singapore rose in cautious trading on Wednesday ahead of the closely-watched outcome of a crucial US Federal Reserve meeting.
SINGAPORE : Share prices in Singapore rose in cautious trading on Wednesday ahead of the closely-watched outcome of a crucial US Federal Reserve meeting.
Many players stayed on the sidelines as they await the end of the policy meeting on Wednesday.
Traders said the local market managed to buck the softer trend in regional exchanges.
A strong lead from Wall Street and gains in Tokyo encouraged buying of blue chips.
The ST index climbed 12.93 points to 3,193.85 on a volume of 5.44 billion shares.
There were 282 gainers against 178 losing issues by the end of the session.
Among active counters, Thai Beverage added 2 cents to 57 cents and Geo Energy Resources also rose 2 cents to 39 cents.
Logistics facilities provider GLP rose as much as 3.2 percent to a six-week high of S$2.88 before pulling back.
It ended the session 4 cents higher at $2.83.
Investment company Asiasons Capital jumped 65 cents to S$2.70.
The company is buying a 27.5 percent stake in US-based energy firm Black Elk in its first foray into the oil and gas industry.