Singapore shares end 0.5% higher

SINGAPORE -- Singapore share prices ended 0.5% higher on Thursday, shrugging off negative cues from Wall Street.

The blue-chip Straits Times Index (STI) rose 16.95 points to end at 3,175.52, supported by the announcement of fresh easing measures by the Bank of Japan.

While the market opened lower amid fresh concerns over whether a US fiscal cliff deal will emerge before year-end, support came from the BOJ's moves to increase the size of its asset purchase programme and its plans to review its inflation target.

In the broader market, 2.03 billion shares changed hands, with gainers and losers nearly evenly matched. There were 198 gainers and 196 losers.

Among the gainers, Olam rose 1.3% to S$1.56. In two straight days of buying in the open market, Singapore's Temasek Holdings has raised its stake in the commodities trader to 18% from 16%.

- CNA/ir

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