You are here

Hot stock: Noble's counter most active in half-day trade

Wednesday, March 18, 2015 - 14:32

ASIA'S largest commodities trader Noble Group's counter was the most active on Singapore Exchange in half-day trading on Wednesday, with more than 31.6 million shares traded as at 2.20pm.

The counter fell by more than 2.2 per cent or two Singapore cents to S$0.88.

Noble is facing pressure from record bond maturities and closer scrutiny of its earnings amid a global resources rout.

It is looking at about US$1 billion of debt due this year after posting its first quarterly loss since 2011 as commodity prices approached a six-year low.

Anonymous group Iceberg Research was also on its case, alleging that Noble had overstated accounting gains. Noble has denied these claims.

Powered by GET.comGetCom