Singapore - Singapore share prices rose 2 per cent on Tuesday, following trends of most Asian stock markets which welcomed the US government bailout of Citigroup.

The Straits Times Index rose by 2 per cent or 32.96 points to 1,653.25.

The Singapore Exchange closed with 208 losers against 206 gainers. Volume totaled 1,090.8 million shares.

Analysts and economist said Singapore shares gained ground on the Citigroup rescue package news which had brought stability to prices under pressure for months on fears of a deeper financial crisis and a deeper economic recession. dpa