Singapore stocks remained marginally higher on Wednesday, echoing broader regional gains, amid a proposal by the International Energy Agency to release record oil reserves to halt a rise in prices as conflict in the Middle East raged on.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,844.14 and 4,868.49 throughout the day. It ended the session at 4,863.81, up 3.17 points or 0.1% compared to Tuesday's close.

In company news, shares of Jardine Matheson (SGX:J36) were down nearly 5% at the close even as it booked a profit attributable to shareholders of $1.11 billion in 2025, against an attributable loss of $468 million a year earlier.

Reclaims Global (SGX:NEX) closed 5% higher with the eco-friendly integrated services provider expecting to report a "significant improvement" in its net profit for the fiscal year ended Jan. 31, compared to a year earlier.

Meanwhile, shares of ComfortDelGro (SGX:C52) were up over 1% as it outlined plans to invest more than SG$200 million over the next 30 years to "modernize and expand" driving education in Singapore.