Noble Group shares surge 46% on reports of credit facility extension

Singapore

SHARES in Noble Group surged on Monday on news reports that the commodity trader has been granted an extension till October of a US$2 billion credit facility that was due to expire this week.

The stock jumped at the opening bell and spiked to as high as 48 Singapore cents before ending the day at 47.5 cents. The gain of 46 per cent, or 15 cents, was its largest one-day jump in percentage terms on record.

The counter was also heavily traded, with 64.2 million sha…