Singapore stocks edged higher Monday as falling oil prices eased inflation concerns, while investors watched for signs of improved energy supplies amid ongoing Middle East tensions.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,391.78 and 5,448.99 throughout the day. It ended the session at 5,415.48, up 13.59 points or 0.3% compared to Friday's close.

iFast, SGX up around 3%; Sembcorp up nearly 2%; UOB, DBS, YZJ Maritime up around 1%.

On the corporate front, shares of UMS Integration close over 2% lower as its new shares issued under the proposed placement of up to 52.9 million shares were listed on the Main Market of Bursa Malaysia Securities and the Mainboard of the Singapore Exchange.

Creative Technology shares closed nearly 2% higher even though it reported pre-tax losses for three consecutive years.

Meanwhile, shares of Katrina Group closed nearly 2% lower as it issued 200,000 new shares on Oct. 8 following the exercise of 200,000 warrants at SG$0.02 each.