Singapore - Singapore share prices rose by 5.4 per cent on Tuesday, pushing the Straits Times Index up 89.25 points to close at 1,748.42.

The Singapore Exchange closed with 324 gainers against 131 losers. Volume totaled 1,338.6 million shares.

Analysts said the gains were supported by bullish performances in the region's markets, although the city-state's economic outlook remains bearish for the next quarter.

Economic output could shrink by 7 per cent year-on-year in the first quarter of 2009, Citigroup equity research chief Chua Hak Bin told a seminar on Friday.

The Singapore market was closed on Monday for holiday. (dpa)