Singapore Strait Times Index stocks remained positive, albeit slow, throughout the trading session on Monday, following the country's 2024 budget.
During the day, the benchmark index ranged between 3,216.27 and 3,241.32, ending 0.12% or 3.97 points higher at 3,225.91.
The Singapore government said it will provide SG$1.3 billion to businesses in the city-state under its enterprise support package, the budget statement for 2024 showed.
In company news, Elite Commercial REIT's (SGX:MXNU) shares rose 2% on Monday's close, even as its distribution per unit fell down 34.2% to 1.48 pounds sterling in the second half of 2023, from 2.25 pounds a year ago.
Del Monte Pacific (SGX:D03) outlined its plans to conduct a US dollar-denominated senior perpetual capital securities offering, sending the company's shares up nearly 2% at market close.
Seatrium (SGX:S51) closed 3% lower on Monday, as it secured a contract from Solvang to fit a 7-megawatt Wartsila carbon capture and storage system into the latter's 21,289 cubic meter ethylene carrier, Clipper Eris. Furthermore, Seatrium and its consortium partner GE Vernova agreed to build the third offshore wind project in the Netherlands for TenneT.