Singapore shares close 0.52% higher on Monday

Singapore shares opened the week higher, rising 16.45 points, or 0.52 per cent, to 3,188.62.

The cheer on the local bourse mirrored that seen across the region, where shares rallied for a fourth session.

"Shares have rebounded a bit recently after falling too much due to the Ukraine situation," said Sumitomo Mitsui Asset Management senior strategist Masaru Hamasaki in an interview with Bloomberg.

"Things haven't deteriorated further, giving a sense of relief to the market."

Some 2.04 billion shares changed hands in the local market, worth $1.04 billion.

There were 217 gainers versus 153 losers, while 418 shares were unchanged.

Commodity stocks were among the top actives on Monday, with Golden Agri Resources down half a cent to 57.5 cents on 54.7 million shares swapped and Noble Group losing 2.5 cents to $1.185 on a turnover of 51.6 million shares.

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