Noble falls below 50¢ in worst plunge in seven years
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
COMMODITIES trader Noble Group turned into a short- seller's playground on Friday, with the stock tumbling definitively below the 50-cent mark to hit its lowest point in seven years on a massive spike in trading volume. The daily percentage drop, too, was the sharpest in a long time.
The counter slid down towards S$0.50 half an hour past the opening bell and proceeded to head further south. It spent the rest of its black Friday trading below S$0.48, fell to as low as S$0.435 after lunchtime and finally finished at S$0.455, down 6.5 Singapore cents or 12.5 per cent from Thursday's close.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
