Among the index securities, the most heavily traded by volume was Genting Singapore, which gained 0.5 Singapore cent or 0.7 per cent to 69 cents, with 2.2 million shares traded.
Other active counters include Venture, which jumped S$0.59 or almost 3 per cent to S$20.41. This comes after the electronics manufacturing services firm on Friday posted a 5.9 per cent decline in its third-quarter net profit to S$80.2 million from a year ago, though this was an improvement from its Q2 showing.
Over in the US, Wall Street finished their best week in months with a muted session on Friday as Mr Biden inched closer to victory. Elsewhere in Asia, Tokyo stocks opened higher on Monday following the election of Mr Biden as the next US president. The benchmark Nikkei 225 index gained 1.1 per cent or 274.31 points to 24,599.54 in early trade, while the broader Topix index advanced 0.9 per cent or 14.95 points to 1,673.44.
Likewise, Margaret Yang, a strategist at DailyFX, noted that Asia-Pacific stocks may gain on Biden's election victory as he could bring a fresh chapter to US foreign policy. Having a Democrat as president may also point to a higher chance to push through a trillion-dollar relief package that might be needed to shore up growth amid the pandemic, Ms Yang said.