Noble shares jump nearly 40 per cent

Singapore

SHARES in Noble Group surged nearly 40 per cent on Thursday, but the embattled commodity trader said it was not aware of any reason that might explain the unusual trading activity.

The stock, which opened at 47.5 Singapore cents, reached as high as 65 cents in intraday trades. It eventually ended the day at 64 cents, its highest since May. This was up 36 per cent, or 17 Singapore cents, from the previous close; some 123.7 million shares changed hands, making it the most active stock on the exchange.