Singapore equities closed higher on Monday because of bargain hunting following a volatile week of sharp sell-offs, along with retreating crude oil prices.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,830.52 and 4,871.86 throughout the day. It ended the session at 4,868.69, up 26.42 points or 0.6% compared to Friday's close.

Bumitama Agri up 5.8%; First Resources up 4%; SGX, HPH Trust, Olam Group, Sheng Siong up over 2%; Singtel, DBS, ST Engineering up over 1%.

In corporate news, shares of EcoWise (SGX:5CT) closed nearly 6% lower as it booked a loss attributable to owners of SG$632,000 in the fiscal third quarter ended Jan. 31, against an attributable profit of SG$190,000 a year earlier.

Serial Achieva (SGX:XHV) was up over 1% as it signed a memorandum of agreement with UFCT Technology to explore a long-term strategic cooperation framework.

Meanwhile, shares of Stoneweg European Stapled Trust (SGX:SET) were up nearly 1% at the close as it acquired a freehold temperature-controlled logistics asset in the Netherlands for 35 million euros.