Singapore shares were muted on Wednesday after the city-state reported a drop in its wholesale sales during the first quarter of the year.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,865.14 and 3,882.91 throughout the day. It ended the session at 3,882.55, relatively unchanged at 0.05 points or %% compared to Tuesday's close.

In economic news, Singapore's domestic wholesale sales declined 7.2% year over year in the first quarter of the year, according to a report by the Singapore Department of Statistics.

In company news, shares of Abundance International (SGX:541) were up nearly 11% after the company completed the disposal of its 12.74% stake in Shanghai Sunrise Polymer Material.

SIA Engineering (SGX:S59) was up over 4% at the close after the engineering services company signed comprehensive services agreements with Singapore Airlines (SGX:C6L) and its low-cost arm Scoot.

Meanwhile, Delfi's (SGX:P34) EBITDA dropped 27% during the first quarter of the year to $17 million from $23.3 million a year earlier.

Sembcorp rose 2.6%; Seatrium rose 1.5%; Nio, Keppel, CityDev rose 1.3%; Singtel up 1%; YZJ Shipbldg fell 1.8%; SGX fell 1%.