12:06 PM
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> Singapore Shares open Higher Today:-
• Singapore shares opened 0.52% higher on Thursday. The STI rose 15.68 points to 3,006.60.
• About 101.2 million shares were traded.
• Gainers beat losers 87 to 32.
> S'pore central bank sets up S$20b facility to back up depositors:-
• Singapore's central bank announced fresh measures to protect depositors in the city-state, creating a liquidity buffer of S$20 billion (US$15.87 billion) to back up a deposit insurance scheme in the case of a banking crisis.
• The insurance scheme currently protects deposits of up to S$50,000 with a bank, an amount increased 2.5 times two years ago following the 2008 financial crisis.
> Genting Singapore shares fall to near 2-yr low:-
• Shares of Genting S'pore fell as much as 2.3% to its lowest in nearly two years.
• After rival Las Vegas Sands' second-quarter earnings miss raised concerns over the Singapore casino operator's results.
• By 0222 GMT, Genting shares were 1.6% lower at S$1.26, with 30.2 million shares changing hands, compared to its full-day average volume of 35.2 million shares over the last five sessions.
> ABN AMRO upgrades Singapore to neutral:-
• ABN AMRO Private Banking has upgraded Singapore stocks to neutral from underweight, citing potentially smaller earnings estimate cuts compared to other Asian companies.
• The MSCI Singapore index has gained about 14.9% so far this year, compared to the MSCI Asia Pacific Ex-Japan's 2% rise.
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