Singapore shares ended 1.33 percent higher on Tuesday, with fund managers buying stocks for the year-end improvement, said an analyst.
Singapore’s Straits Times Index gained 37.01 points to 2,823.82. Share volumes totalled to 1.21 billion with gainers leading losers 256 to 172.
"Window dressing could turn out to be a self-fulfilling prophecy," said one trader with a local brokerage.
Among the banks, United Overseas Bank climbed 6 cents to S$19.32 while DBS moved 26 cents to S$14.82. Oversea-Chinese Banking Corp gained 26 cents to S$8.94.
Singapore Airlines gained 10 cents to S$14.28, while Singapore Telecom jumped 6 cents higher to S$3.03.
The property developer CapitaLand closed four cents higher at S$4.15.