Singapore shares edge up on expectations of ECB stimulus measures

SINGAPORE - Shares ended in positive territory for a fourth straight day ahead of a crucial decision by the European Central Bank (ECB) over monetary stimulus measures to kickstart the moribund eurozone economies.

The Straits Times Index (STI) added 15.8 points or 0.5 per cent to 3,370.3 on Thursday.

Turnover was at a healthy $1.3 billion with 1.6 billion shares traded, better than the daily average of $1.1 billion seen last week.

Hopes that the ECB would pump in money into markets by announcing its first sovereign bond buying purchases boosted sentiment.

Regional bourses mostly rose in anticipation of the move.

Hong Kong added 0.7 per cent, Shanghai gained 0.6 per cent, Tokyo was up 0.3 per cent but Seoul was unchanged.