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Hot stock: Noble's nil-paid rights and shares in active play

Thursday, July 7, 2016 - 15:04
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COMMODITY trader Noble Group's nil-paid rights and its shares continued to be in active play on Thursday, with the rights experiencing wild price swings.

The rights fell 29.5 per cent, closing at 7.4 Singapore cents, amid heavy trading of 613.6 million units.

This follows their rise to as much as 9.5 Singapore cents in the morning, after opening at 9.4 Singapore cents.

Noble's shares, meanwhile, slumped 10.2 per cent to 18.4 Singapore cents, with 159.9 million shares changing hands.

Both counters were also the most heavily traded on Singapore Exchange on Wednesday.

Subscription to the one-for-one rights involves paying Noble S$0.11 per share.