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STI adds over 31 points to end at 3,413.10

SINGAPORE shares roared ahead on Tuesday on the back of higher oil prices driven up by rising tensions in the Middle East and ahead of US President Donald Trump's visit to China.

Led by fresh records on Wall Street on Monday night and a recovery in local banking stocks, the benchmark Straits Times Index (STI) made broad-based gains, adding 31.25 points or 0.92 per cent to close higher at 3,413.10 - a new record in over two years.

Turnover came in at 2.7 billion worth some S$1.4 billion, while trading was firm with the advance-decline score at 257 to 184, excluding warrants.

Among the most active counters were Genting Singapore, KrisEnergy and AusGroup.

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