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Hot stock: Noble down 10% on trading resumption, most active stock on SGX

Friday, June 3, 2016 - 10:33

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COMMODITY trader Noble Group was the most active stock on Singapore Exchange by volume traded on Friday morning.

It fell by as much as 10 per cent to S$0.27 after resuming trading at about 10.25 am. Some 45.2 million shares had changed hands.

Trading resumed after Noble requested for a brief halt as it unveiled a one for one rights issue at more than 60 per cent discount to Thursday stock price close of S$0.30.

The commodities trader also announced the impending step-down of its founder and executive chairman Richard Elman, changes to its board of directors as well as the US$500 million rights issue.

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