Noble tumbles 31% on loss warning, further asset sales

Singapore

NOBLE Group's warning of a second-quarter net loss of up to US$1.8 billion and its announcement of further asset sales sent its shares reeling on Thursday.

The stock plummeted in heavy trading, ending the day 18 cents or, 31.3 per cent, down at S$0.395. The trading range for the day was S$29.5 and S$0.44. Some 76 million shares valued at S$30.1 million changed hands.