Singapore shares closed higher on Monday, tracking regional gains, as investor confidence was boosted by easing oil concerns.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,647.71 and 5,680.79 throughout the day. It ended the session at 5,675.23, up 19.12 points or 0.3% compared to Friday's close.
In economic news, Singapore's unemployment rate fell to 1.9% in the second quarter of 2026 from the previous quarter, falling from the government's preliminary estimate of 2.0%, according to final data released by the Ministry of Manpower.
On the corporate front, shares of MindChamps PreSchool (SGX:CNE) were up nearly 4% at the close as it named Kelvin Chow Chung Yip as its chief investment and investor relations officer.
Yangzijiang Maritime Development (SGX:8YZ) was up nearly 3% as it ordered 24 newbuild vessels from Chinese shipyards, with deliveries scheduled between 2028 and 2030.
Meanwhile, Precision engineering company InnoTek (SGX:M14) closed over 1% higher as its subsidiary, Mansfield Manufacturing outlined plans to transfer its equity interests in five units to InnoTek Holding (S), a newly incorporated unit in Singapore.