Singapore Strait Times Index opened marginally higher on Tuesday, but slipped into the red zone at the close amidst overnight losses in global markets.

During the day, the benchmark index ranged between 3,137.56 and 3,179.79, ending 0.44% or 13.80 points lower at 3,157.32.

In corporate news, shares of Baker Technology (SGX:BTP) jumped 2%, despite news that the marine equipment provider's attributable profit for the second half of 2023 fell to SG$4.3 million, compared with SG$4.4 million in the year ago period.

Shares of Mencast Holdings (SGX:5NF) plunged over 8%, following news that the company's attributable loss to equity holders trimmed 1% in the second half of 2023.

Meanwhile, YHI International's (SGX:BPF) shares were up 2% on Tuesday's close, thanks to an 11% surge in its attributable profit to equity holders for the second half of 2023.