Singapore - Singapore shares rose Tuesday, joining in global gains as an increasing number of governments are set to pump cash into their economies in the face of the international financial crisis.

The Straits Times Index rose 51.96 points, or 2.5 per cent, to close at 2,128.31.

Traders said the rise was encouraged by more governments' commitments to support cash-strapped banks and the biggest points gain in history by the Dow Jones Industrial Average on Monday.

A Singapore trader cautioned that while the surge on the Singapore Stock Exchange was subject to a correction because of global economic uncertainties and any fallout among banks, it was likely to help build confidence in the stock market.

"We can expect to gain ground this week from the losses recorded on the Singapore exchange last week, but let's be wary of the sudden market correction in case of another surprise fall in the global financial sector," another trader said.

"A nervous undertone is expected for a while longer though we expect confidence-building and damage-control exercises in international economies," he said. (dpa)