Singapore shares rose, led by gains in commodities firms Olam International (OLAM.SI) and Noble Group (NOBG.SI), with regional markets higher after the International Monetary Fund sought more funds to help countries cope with the euro zone debt crisis.
Shares of Singapore plastic parts maker Meiban Group (MPLS.SI) surged as much as 30% on Thursday after the company said it may be the subject of a takeover bid by an unnamed party.
By 1:45 p.m., the Straits Times Index <.FTSTI> was up 0.5%, or 14.7 points, at 2,810.1, after hitting a two-month intra-day high the previous day.
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