India's richest control ₹187.5 lakh crore - more wealth than GDP of Switzerland, Singapore, Dubai

Singapore stocks closed higher on Monday (Sep 28), with the benchmark Straits Times Index (STI) gaining 0.3 percent or 17.90 points to reach 5,729.02. UOB led the rise among blue-chip index gainers, surging 1.7 percent or S$0.72 to S$43.29. DBS and OCBC, other local banks, also ended up, with gains of 0.1 percent and 0.7 percent respectively.

City Developments Ltd was the only STI constituent to decline, dropping 8.1 percent or S$0.67 to S$7.59. In the iEdge Singapore Next 50 Index, Yanlord Land was the top performer, up 1.9 percent or S$0.01 to S$0.535, while UltraGreen.ai saw the biggest drop, falling 4 percent or US$0.025 to US$0.595. Market gains outnumbered losses 224 to 305, with a total of 1.4 billion securities worth S$1.9 billion traded.

Addvalue Tech saw the highest trading volume, with 153.4 million shares changing hands, followed by DBS in terms of value at 3.5 million shares worth S$277.1 million. Across key regional indices, Hong Kong's Hang Seng Index rose 0.5 percent, Japan's Nikkei 225 fell 0.7 percent, South Korea's Kospi was down 2.7 percent, and the FTSE Bursa Malaysia KLCI declined 0.1 percent.

As the month ends, investors will focus on economic data and policy announcements, including inflation data, employment numbers, and central bank speeches. The US Federal Reserve and the European Central Bank will be central to the policy conversation.