Singapore shares continued to stay mired in the red zone despite regional markets clocking gains following news that Israel and Hamas agreed to a ceasefire to cool down tensions in the Middle East.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,436.22 and 4,453.63 throughout the day. It ended the session at 4,440.50, down 15.80 points or 0.35% compared to Wednesday's close.

Top Glove up 13%; Centurion, iFast, Frasers Property up around 2%; Singtel up over 1%; Keppel Reit down 2%; ST Engineering down over 1%.

In company news, shares of Top Glove surged over 13% at the close as it booked an attributable profit to owners of 38.6 million ringgit for the fiscal fourth quarter ended Aug. 31, against an attributable loss of 6.6 million ringgit a year earlier.

ASL Marine was up nearly 7% as it received an in-principle approval for the placement of 41.1 million shares at SG$0.1703 per share.

Meanwhile, shares of GRC were up over 2% after its subsidiary, CES_SDC, in a joint venture with Chan & Chan Engineering, was awarded a contract worth SG$273 million.