Singapore shares fell on Tuesday, despite gains on Wall Street and Europe brought about by an optimistic outlook over potential rate cuts by central banks.

During the day, the benchmark Singapore Strait Times Index ranged between 3,296.12 and 3,312.77, ending 0.1% or 3.15 points higher at 3,300.04.

In company news, shares of Keong Hong (SGX:5TT) soared nearly 13% even though the company forecasted a net loss for six months ended March 31.

Singapore Airlines (SGX:C6L) was up over 2% after it signed an agreement with Neste to purchase 1,000 tons of Nest My Sustainable Aviation Fuel.

Lum Chang Holdings' (SGX:L19) shares were up nearly 2% after it reacquired 48,400 shares under an October 2023 mandate to buy back no more than 37.7 million shares.