Singapore shares rose nearly 1.3% on Tuesday's close, with the STI surpassing the 4,900 level in early trading, following regional gains amid expectations that the US Federal Reserve will keep interest rates unchanged.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,880.60 and 4,923.02 throughout the day. It ended the session at 4,923.02, up 62.09 points or 1.3% compared to Monday's close.

UOL up 8%; iFast up 5%; Wilmar Intl, OUEREIT up over 4%; CityDev, Singtel up about 3%; OCBC Bank, DBS up over 1%.

In corporate news, shares of Nam Cheong (SGX:1MZ) surged over 9% at the close as it agreed to sell a 3,000 deadweight tonnage platform support vessel to an Indonesian customer for $19.8 million.

OUE REIT's (SGX:TS0U) shares were up over 4% as its distribution per unit, or DPU, rose 10.6% to SG$0.0125 in the second half of the year ended Dec. 31, 2025, from SG$0.0113 a year earlier.

Meanwhile, shares of ISOTeam (SGX:5WF) were down over 2% as it bagged contracts worth around SG$26.6 million in January.