Singapore shares closed slightly lower on Monday, tracking broader losses across the region, as investors anticipate an inflation spike backed by higher oil prices due to conflict in the Middle East.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,855.32 and 4,911.24 throughout the day. It ended the session at 4,897.26, down 0.92 points or 0.02% compared to Friday's close.

On the corporate front, shares of Reclaims Global (SGX:NEX) closed over 4% lower as it finalized the purchase of a freehold commercial property, by adjusting the initial value from SG$38 million to SG$35.1 million.

HealthBank (SGX:40B) was up nearly 5% as it signed two subscription agreements to raise around SG$1.2 million through the subscription of 31.7 million shares at SG$0.0378 per share.

Meanwhile, shares of Wing Tai Properties (SGX:W05, HKG:0369) were up nearly 2% at the close as the property developer narrowed its attributable profit to shareholders in 2025 to HK$1.71 billion from HK$2.56 billion a year earlier.

STI down 0.1%; Sembcorp, Sheng Siong up 3%; UOL, Olam, SIA Engineering up 2%; Nio, OUE fell 3%.