Singapore shares fell more than 1% on Wednesday's close, following subdued activity in Wall Street as US stocks finished a choppy session relatively flat on Tuesday.

During the day, the benchmark Singapore Strait Times Index ranged between 3,256.16 and 3,290.16, ending 1.08% or 35.51 points lower at 3,264.53.

In economic news, Singapore's foreign exchange reserves grew to SG$500.31 billion in April from a revised SG$497.58 billion in March, the largest recorded since April 2022, according to preliminary data from the Monetary Authority of Singapore.

In company news, shares of LifeBrandz (SGX:1D3) surged 50% after Aurico completed the acquisition of around 29.83% shares in the company.

Datapulse Technology (SGX:BKW) was down over 5% after the company revealed that its Chief Financial Officer Yeo Sock Koon will step down on Aug. 2 due to personal reasons.

Far East Orchard (SGX:O10) closed nearly 1% higher on Wednesday, as it booked an attributable profit to equity holders of SG$6.9 million for the quarter ended March 31, up nearly 47% from SG$4.7 million in the year-ago period.