Singapore Strait Times Index fell on Monday at the close, after the country's non-oil domestic exports fell 0.1% year over year in February.

During the day, the benchmark index ranged between 3,165.79 and 3,175.86, ending 0.03% or 1.03 points lower at 3,171.93.

In economic news, Singapore's non-oil domestic exports edged down 0.1% on year in February after climbing almost 17% in January, weighed down by weak exports to Japan, Malaysia, and five other trading partners.

Meanwhile, Singapore's general insurance sector logged a 10.1% year on year increase in 2023, according to data release by the General Insurance Association of Singapore (GIA).

In company news, Sarine Technologies' (SGX:U77) fell nearly 4% after the company bought back another 50,000 shares valued at SG$13,031 in the open market.

Shares of Keppel Infrastructure Trust (SGX:A7RU) were down 1%, after the company completed the second of four phases in its acquisition of a 45% effective stake in Enpal, a German renewable energy company, for up to 109 million euros.