Noble hits 7-year low in intra-day trading

Singapore

COMMODITY trader Noble Group on Thursday plunged to a seven-year low in intra-day trading after little-known outfit Iceberg Research cast doubts on whether a third-party review of the group's governance framework could solve its problems.

Noble's counter dived as much as 6.9 per cent to 60.5 Singapore cents - the lowest since January 2009 - before closing at 63 Singapore cents, down 3.1 per cent from the day before. Almost 127.5 million shares changed hands on Thursday, making Noble the most actively-traded stock on the Singapore Exchange.