Singapore shares rose on Tuesday, tracking regional gains, backed by fresh hopes of the US and Iran finally reaching an agreement to end hostilities.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,992.64 and 5,020.59 throughout the day. It ended the session at 5,007.57, up 23.40 points or 0.5% compared to Monday's close.

UMS, AvePoint up around 7%; YZJ Maritime up over 5%; Mapletree Log Tr, Hong Leong Asia up over 3%; SingaporeLandGrp, Genting Sing up over 2%.

In economic news, The Monetary Authority of Singapore (MAS) has tightened its monetary policy settings amidst the ongoing Iran conflict, according to April's policy statement.

On the corporate front, shares of Avepoint (SGX:AVP) were up nearly 7% at the close as it booked a revenue of $419 million during 2025.

Octopus (APAC) (SGX:43A) signed an agreement with Spain's Grupo Osborne, to be the latter's principle distributor under a five-year mandate.

Meanwhile, Vin's Holdings (SGX:VIN) signed an agreement with Volt Auto to become an authorized channel partner for China Dongfeng Motor Industry Impo & Exp's latest electric vehicle lineup.