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Singapore shares close up 0.89% on Tuesday

SINGAPORE stocks gained more ground on Tuesday - their second day in positive territory, after a global market sell-off.

The Straits Times Index (STI) added 30.09 points, or 0.89 per cent, to finish at 3,415.07.

Across the bourse, gainers beat losers 289 to 183, or roughly three up for every two down.

Close to 2.19 billion shares were traded, for a value of S$1.75 billion.

STI constituent CapitaLand put on S$0.05, or 1.44 per cent, to close at S$3.52, as the market weighed a drop in fourth-quarter net profit against its purchase of the iconic Pearl Bank Apartments.

Off the index, oil price uncertainty found a casualty in Mermaid Maritime, which slipped by S$0.01, or 6.14 per cent, to S$0.153, on a volume of 32.52 million shares.

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