Singapore's Straits Times Index failed to maintain positive momentum on Tuesday and fell into the negative territory at close, following overnight losses in European markets.

During the day, the benchmark index ranged between 3,168.46 and 3,194.44, ending 0.45% or 14.43 points lower at 3,184.99.

In corporate news, shares of Jumbo Group (SGX:42R) slipped nearly 4% on Tuesday's close, as the company officially opened Ng Ah Sio Bak Kut Teh outlet and Tsui Wah outlet at Clarke Quay Central shopping mall in Singapore.

Elite Commercial REIT (SGX:MXNU) closed flat on Tuesday, as it raised 28 million pounds sterling from its fully underwritten non-renounceable preferential offering, with the trust receiving an overall subscription rate of roughly 121.2%.

Tritech Group (SGX:5G9) shares rose 8% on Tuesday's close, as the company settled legal proceedings with Lim Wen Heng Construction relating to a sale and purchase agreement dated May 12, 2019.