<div id="readability-page-1"><div><p>[SINGAPORE] Singapore stocks closed higher on Monday (May 18), with a mixed performance in regional markets amid escalating geopolitical tensions and a surge in oil prices.</p><p>The benchmark Straits Times Index (STI) gained 0.2 per cent or 7.67 points to finish at 4,996.75.</p><p> ST Engineering  led the gainers on Singapore’s blue-chip index, rising 4.1 per cent or S$0.42 to S$10.79.</p><p>The worst performer among STI constituents was  Hongkong Land , which fell 2.7 per cent or US$0.22 to US$7.99.</p><p>Asset manager  Keppel  ended 2.1 per cent or S$0.22 lower at S$10.38.</p><p>This came after the Infocomm Media Development Authority (IMDA) halted its assessment of the proposed consolidation between M1 and Simba Telecom until further notice.</p><div><div><h3>Navigate Asia in<br/>a new global order</h3><p>Get the insights delivered to your inbox.</p></div></div><p>The halt came after the authority learnt that Simba could have been using radio frequency bands that it had not been not assigned to provide mobile services.</p><p>The asset manager said that it will allow the sale and purchase agreement between M1 and Simba to lapse upon reaching the long-stop date on May 21.</p><p>The three local banks ended mixed on Monday.</p><div><div><div><p>SEE ALSO</p><div><div><div><div><p><img height="3551" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/f932c06884d042478337691868e86d8ab1f57e5df67570c7939c77de8cae60f4/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="5530" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/f932c06884d042478337691868e86d8ab1f57e5df67570c7939c77de8cae60f4/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Singapore exports beat forecasts with 24.5% April jump; AI demand seen staying strong</span></h3><p></p></div></div><div><div><div><p><img height="2065" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/def078c7bd17b53cf7281e8df912fe83cc83c79af773d9c89f7aad8f4b94cac5/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="3098" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/def078c7bd17b53cf7281e8df912fe83cc83c79af773d9c89f7aad8f4b94cac5/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Keppel inks further Bifrost deal with Telstra, in ‘advanced’ talks with more customers</span></h3><p></p></div></div><div><div><div><p><img height="4284" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/ca383bbf63ae054a89a5a41fbf28028ac5ccce9f27365c66494a0b3088fde80d/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="5712" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/ca383bbf63ae054a89a5a41fbf28028ac5ccce9f27365c66494a0b3088fde80d/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>ST Engineering Q1 revenue rises 11% to S$3.3 billion on strong segment growth</span></h3><p></p></div></div></div></div></div></div><p> DBS  rose 0.9 per cent or S$0.56 to S$60.76, and  OCBC  was up 0.5 per cent or S$0.11 at S$23.04. Meanwhile,  UOB  finished 0.03 per cent or S$0.01 lower at S$37.29.</p><p>Within the iEdge Singapore Next 50 Index,  Pan-United  was the top gainer, rising 1.2 per cent or S$0.02 to finish at S$1.67.</p><p> UltraGreen.ai  was the index’s biggest decliner, falling 7 per cent or US$0.09 to end the session at US$1.20.</p><p>Across the broader market, losers beat gainers 437 to 221, after two billion securities worth S$2.1 billion changed hands.</p><p>Key regional indices were mixed. Hong Kong’s Hang Seng Index lost 1.1 per cent, Japan’s Nikkei 225 fell 1 per cent and the FTSE Bursa Malaysia KLCI declined 0.7 per cent. South Korea’s Kospi, meanwhile, was up 0.3 per cent.</p><div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. <span>Sign up here to get Decoding Asia newsletter.</span> Delivered to your inbox. Free.</p></div></div></div>

<p>Singapore stocks closed higher on May 18, with the Straits Times Index (STI) gaining 0.2% to 4,996.75. ST Engineering led gains, rising 4.1%, while Hongkong Land fell 2.7%. The Infocomm Media Development Authority halted the M1-Simba Telecom consolidation assessment. Local banks had mixed results, with DBS up 0.9% and UOB down slightly. Across the broader market, losers outnumbered gainers 437 to 221, amid mixed regional indices.</p>

Singapore stocks end higher amid mixed regional showing; STI up 0.2%