SGX Singapore News Update

Singapore shares rallied, tracking the overnight performance of Europe as well as the US after the European Central Bank expanded its asset-buying programme. Oil jumped after Saudi Arabia's King Abdullah died.

At 12:55 p.m., the benchmark STI was up 38.37 points or 1.14% to 3,408.66, hitting its highest in more than 1 1/2 years In the broader market, more than 1 billion shares valued at $750 million changed hands. Gainers outnumbered losers 269 to 127.

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