Singapore's Strait Times Index started the week in the negative territory on Monday in the wake of muted performances in the global markets.
During the day, the benchmark Singapore Strait Times Index ranged between 3,198.10 and 3,221.29, ending 0.62% or 19.87 points lower at 3,198.10.
In economic news, Singapore's core consumer price index rose to 3.6% year on year in February from 3.1% in January, driven by higher service and food prices, according to data release by the Monetary Authority of Singapore. Core inflation averaged 3.4% in the January-February period, while the headline inflation fell to 3.1%.
In company news, Isetan Group's (SGX: I15) shares were up nearly 4%, even though the retail store operator booked a net attributable loss to equity holders of SG$1.16 million for the year ended Dec. 31, 2023, compared with a profit of SG$1.35 million in the year-ago period.
Meanwhile, KS Energy (SGX:578) will be removed from the mainboard of the Singapore Exchange on Thursday. Trading in the company's shares had been suspended since Aug. 12, 2020.
Oxley Holdings (SGX:5UX) closed flat on Monday as its subsidiary, Oxley MTN, priced an offering of SG$88 million worth of 7.25% notes due 2025.