Singapore Stock Market Updates Of July 13, '12

> Singapore Shares Higher:

* Singapore shares edged higher on Friday noon with the benchmark Straits Times Index up 9.23 points to 2,981.27.
* Volume was 950.1 million shares worth S$419.6 million.
* Gainers outnumbered losers 168 to 103.

> Citi upgrades Genting Singapore to neutral:

* Citigroup upgraded casino operator Genting Singapore to neutral from sell, citing limited downside in its share price at current levels, but cut its target price to S$1.42 to S$1.47, due to a slowdown in VIP volumes.
* By 0210 GMT, Genting shares were 0.4 percent higher at S$1.375

> Home prices well supported - Credit Suisse:

* By 0210 GMT, Genting shares were 0.4 percent higher at S$1.375 and have fallen nearly 9 percent so far this year, versus the Straits Times Index's 12.7 percent rise.
* At 0114 GMT, Ezra shares were 2.3 percent higher at S$1.115, with 4.2 million shares traded, compared to its full day average volume of 4.3 million over the last five sessions. So far this year, Ezra has surged 33 percent, outperforming the FT ST Oil & Gas's 21.5 percent rise.