Singapore shares closed marginally higher on Monday, tracking gains across the regional markets, as US inflation figures met expectations and soothed investors' concerns.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,264.99 and 4,279.07 throughout the day. It ended the session at 4,269.98, up 4.00 points or 0.09% compared to Friday's close.

In economic news, Singapore's Import Price Index fell 3.8% year on year in August, extending the 6.1% decrease in the preceding month, the Department of Statistics reported.

Meanwhile, Singapore's Manufactured Products Price Index rose 6% year over year in August, extending the 1.6% increase in the preceding month, the Department of Statistics reported.

In company news, shares of Acrophyte Hospitality Trust (SGX:XZL) were down nearly 9% at the close as it forecasted capital expenditures of about $100 million from 2025 till 2027 on the renovations of 26 of its hotels.

F J Benjamin's (SGX:F10) shares were down over 8% as its net attributable loss to equity holders during the fiscal second half ended June 30 widened to SG$12.2 million from SG$4.0 million a year earlier.

Meanwhile, shares of Yangzijiang Shipbuilding's (SGX:BS6) closed nearly 2% lower as its subsidiaries, Jiangsu Yangzijiang Shipbuilding, Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi Xinfu Shipbuilding terminated contracts worth $180 million.