SINGAPORE (Sept 21): Singapore stocks closed weaker on Wednesday, ending the day lower despite an early recovery driven by an unconventional monetary policy decision in Japan.

About 1.5 billion shares valued at $944 million were traded during the session. Gainers  outnumbered losers 221 to 150.

Offshore suppliers in Singapore did well during the session, helped by a spurt in oil prices. Ezra ended 16% higher at 5.8 cents. Sembcorp Marine, meanwhile, gained 1.2% to close at $1.275, but Yanzijiang Shipbuilding ended 2% lower at 72.5 cents.

Shares of Fu Yu Corp closed 3.7% higher at 19.5 cents. The precision injection moulds and plastic parts provider says its revenue decline over the past three years will see a reversal by early FY17 after gross margins rose from 7.1% in FY11 to 16.7% in 1HFY16, according to a Wednesday CIMB report.

ISR Capital closed 11.8% lower at 22.5 cents. The company, which is trying to acquire a 60% stake rare earth concession in Madagascar for $40 million, dropped by as much as a 22% this morning after brokers Philip Securities and CIMB imposed online trading restrictions on the stock.

Ocean Sky International closed 2.9% higher at 7 cents. The company has entered into a conditional sale and purchase agreement to acquire for $22.8 million the remaining 70% stake in associated company Ang Tong Seng, a a civil engineering and construction firm.