Singapore shares marginally extended their winning streak on Monday, tracking regional gains as markets continued to react positively to the possibility of interest rate cuts by the US Federal Reserve.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,296.13 and 4,319.06 throughout the day. It ended the session at 4,308.52, up 1.44 points or 0.03% compared to Friday's close.

In company news, shares of CapitaLand China Trust (SGX:AU8U) were up nearly 3% at the close as it agreed to subscribe for a 5% stake in CapitaLand China REIT at 5.718 yuan per unit as part of its Shanghai listing.

Marco Polo Marine (SGX:5LY) was up nearly 3% after it teamed up with Norway-based ship designer Salt Ship Design to design Marco Polo Marine's next-generation commissioning service operation vessel, the CSOV Plus.

Meanwhile, CapitaLand Ascendas REIT (SGX:A17U) was up over 1% as its associated company, Sprint Plot 1 TM, entered into project and service management agreements with The Work Project Management.