Singapore shares extended gains on Tuesday, surging nearly 1.3%, in line with regional gains as the US market reacted positively to the recent capture of Venezuelan President Nicolas Maduro.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,693.28 and 4,744.67 throughout the day. It ended the session at 4,739.97, up 59.47 points or 1.27% compared to Monday's close.

In economic news, the S&P Global Singapore Purchasing Manager's Index posted above the 50.0 no-change mark for the eleventh straight month in December 2025, according to data released by S&P Global.

The PMI dropped to 54.1 in December from 55.4 in the previous month, with the latest figure registering growth at its softest in four months but still consistent, backed by new work inflows and incoming new orders.

In corporate news, shares of Ley Choon (SGX:Q0X) surged nearly 17% at the close as the company outlined plans to transfer to the Mainboard of the Singapore Exchange Securities Trading.

Creative Technology (SGX:C76) was up over 5% as it named Sim Li Ern as the company's new chief executive officer, effective Jan. 5.

Meanwhile, shares of iFast (SGX:AIY) edged up nearly 1% at the close, with the company agreeing to acquire a 30% stake in Financial Alliance for around SG$19.6 million.