SINGAPORE, Oct 8 (Reuters) - Singapore shares rose on Tuesday for the first time in a week, in line with regional peers, though the U.S. government shutdown, now in its second week, weighed on the market and kept investors on tenterhooks.

The benchmark Straits Times Index .FTSTI rose 0.3 percent to 3,147.62 points, in line with a 0.2 percent gain in MSCI's broadest index of Asia-Pacific shares outside Japan

.MIAP00000PUS .

"Our view that STI at 3,100 offers bargain-hunt opportunities on the presumption that US does not go into default stays valid," said analysts at DBS Vickers Securities.

The top two performers on the index included Jardine Cycle & Carriage Ltd JCYC.SI , whose shares rose over 3 percent, and Global Logistic Properties Ltd GLPL.SI , which gained more than 2 percent.

Blumont Group Ltd BLUM.SI shares, which tumbled 85 percent after the Singapore Exchange lifted a trading suspension on Monday, jumped 62 percent to S$0.21, after the company named a new chairman. ID:nL4N0HY0F4

Steel trader and manufacturer Albedo Ltd ABDM.SI rose 40 percent to S$0.042, after the company announced more details on a S$774 million takeover by a company controlled by Malaysian businessman Danny Tan in a deal that will see Albedo join international property developers buying up land in Malaysia's Iskandar region. ID:nSNZ9L0g4

(Reporting by Laura Philomin and Rujun Shen; Editing by Prateek Chatterjee)

((rujun.shen@thomsonreuters.com)(+65-6403-5666)(Reuters Messaging: rujun.shen.thomsonreuters.com@reuters.net))

Keywords: MARKETS SINGAPORE STOCKSNEWS/