Singapore shares closed lower on Wednesday, despite broader gains across the region, as investors showed caution ahead of the US Federal Reserve's expected decision to keep the benchmark interest rate unchanged and future forecast.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,890.29 and 4,925.54 throughout the day. It ended the session at 4,909.34, down 13.68 points or 0.3% compared to Tuesday's close.

CMS up about 8%; IHH, UMS up about 4%; Seatrium up over 1%; DBS, Keppel DC Reit up within 1%; SIA, OCBC Bank, Singtel down less than 1%; CityDev, SATS down over 1%; UOL down 3%.

In corporate news, shares of $Hong Leong Asia (SGX:H22) rose nearly 5% at the close as Guangxi Yuchai Marine and Genset Power, an indirect subsidiary of China Yuchai International, which is 48.7% owned by the company, applied to list its shares on the Hong Kong Stock Exchange.

Reclaims Global's (SGX:NEX) shares were up over 4% as its majority shareholders, Chan Chew Leh and Tan Kok Huat, sold around 11.6 million shares in the capital of the company to various investors at SG$0.41 per share for a total consideration of SG$4.7 million.

Meanwhile, shares of ST Engineering (SGX:S63) were up under 1% at the close as the company secured around SG$4.7 billion in new contracts during the fourth quarter of 2025.