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Hot stock: Noble up one cent in early trade

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Shares of Noble Group rose one Singapore cent to S$0.94 some 20 minutes into trading.

SHARES of Noble Group rose one Singapore cent to S$0.94 some 20 minutes into trading.

As at 9.21am, more than 9.3 million shares changed hands, making the counter one of the most active on the Singapore bourse.

The Maritime Port Authority of Singapore on Thursday dismissed allegations by Iceberg Research that there had been malpractice at Noble Group's now defunct bunkering business in 2013, or that it was linked to the collapse of OW Bunker in November last year.

Iceberg Research had earlier claimed that it acted as a whistleblower on malpractices at Noble's bunkering business in Singapore in 2013.

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