Singapore's Strait Times Index rallied on Wednesday and close more than 1% higher, despite losses in the North American market and mixed results in regional markets.

During the day, the benchmark Singapore Strait Times Index ranged between 3,160.22 and 3,197.20, ending 1.05% or 32.97 points higher at 3,187.66.

In company news, First Resources' (SGX:EB5) shares were up nearly 3% at market close on Thursday after it refuted a media report claiming it is controlling a secret network that damages the Indonesian rainforest.

Seatrium's (SGX:S51) shares were down more than 1% after Glass Lewis cited a bribery case and corruption charges as the basis of its alert.

Meanwhile, Metech International (SGX:V3M) closed flat as it disclosed that a conduct review of its non-executive director, Ng Cheng Huat, is underway.