Singapore shares closed higher on Wednesday, tracking regional and global gains, following the release of US jobs data, which indicated at economic resilience.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,880.57 and 3,903.88 throughout the day. It ended the session at 3,903.88, up 9.50 points or 0.24% compared to Tuesday's close.

In economic news, Singapore's business conditions, as measured by the S&P Global Purchasing Manager's Index or PMI, rose at a softer pace in May versus the previous month, according to data released by S&P Global. The PMI shrank to 51.5 in May from 52.8 in April.

In company news, shares of Alpina Holdings (SGX:ZXY) surged over 14% at the close with the company disclosing that it is currently in discussions for a possible transaction involving its shares.

Pacific Radiance (SGX:RXS) was down nearly 3% at the close after the company confirmed the voluntary liquidation of indirect subsidiary, Radiance ZJ, effective June 3.

Meanwhile, shares of City Developments (SGX:C09) were up over 2%, as the company agreed to dispose of its 50.1% stake in Scottsdale Properties to IOI Consolidated for SG$834.2 million through Ascent View.