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Hot stock: Noble shares most active in morning trade

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Shares of commodity trader Noble Group were the most active on Singapore Exchange in Wednesday morning trade.

SHARES of commodity trader Noble Group were the most active on Singapore Exchange in Wednesday morning trade.

As at 11.30am, almost 33.8 million shares changed hands.

The counter fell 1.5 Singapore cents or 1.7 per cent to S$0.875.

This comes after Noble said its net profit for the first quarter ended March plummeted 30 per cent to US$106.6 million, weighed down by lower commodity prices and poorer-than-expected performance of its two major operational associates.

Revenue fell 7.33 per cent to US$16.64 billion during the same period.

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