Singapore's Strait Times Index ended higher on Thursday, following weaker showing from banks in February.

During the day, the benchmark Singapore Strait Times Index ranged between 3,224.01 and 3,259.97, ending 0.85% or 27.70 points lower at 3,224.01.

In economic news, Singapore's Domestic Supply Price Index fell 2.8% year over year in February, extending a 2.7% decrease in January, following declines in both oil and non-oil indices.

Meanwhile, Singapore's Import Price Index fell 5.1% in February from a year ago after a 5% drop in January.

Second Chance Properties' (SGX:528) shares were down 2%, after the company reported an 87% decrease in its attributable income for the fiscal first half ended Feb. 29, 2024.

Abundance International's (SGX:541) shares plummeted 13% after Shi Jiangang stepped down as the director of the company.

Meanwhile, Fitch Ratings affirmed Mapletree Logistic Trust's (SGX:M44U) issuer default rate at BBB+ with a stable outlook.