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Singapore shares rise in line with Asian markets

Singapore shares rose on Thursday, in line with their regional peers amid investor expectations that a eurozone policy decision and upcoming US jobs data can calm nerves strained by the emerging market selloff.

SINGAPORE: Singapore shares rose on Thursday, in line with their regional peers amid investor expectations that a eurozone policy decision and upcoming US jobs data can calm nerves strained by the emerging market selloff.

Singapore's blue-chip Straits Times Index (STI) snapped a five-session losing streak and ended up one per cent or 28.18 points at 2,988.27.

In the broader market, 2.25 billion shares changed hands, with gainers beating losers 295 to 152.

Among the gainers, Singapore Telecommunications (SingTel) rose 1.2 per cent to S$3.48, its first gain in five sessions.

Banks also gained, with OCBC ending 1.8 per cent higher at S$9.26, UOB rising 0.7% to S$19.61 and DBS adding 0.8% to finish at S$16.30. 

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