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Singapore shares close 1.6% higher on Tuesday

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SHARE prices on the Singapore bourse closed higher on Tuesday with the key Straits Times Index up 44.81 points or 1.6 per cent at 2,896.55.

Some 1.44 billion shares worth S$1.3 billion were traded. Gainers outpaced losers with 275 counters up and 111 counters down.

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