Noble Group shares in trade frenzy

Singapore

NOBLE Group rebounded in Singapore as the company's new rights shares began trading on the exchange, extending a roller-coaster ride ahead of quarterly results next week that will shed light on the commodity trader's performance, funding and plans for asset sales.

The shares rallied as much as 16 per cent to 15.3 Singapore cents and closed at 14.5 cents after a two-day, 19 per cent plunge. With about 13 billion shares now in issue after the one-for-one raising, a total of 1.05 billion were traded in the past three days.