Noble Group shares surge 46% on reports of credit facility extension
Stock hits as high as 48 Singapore cents in brisk trading, before closing the day at 47.5 cents
Singapore
SHARES in Noble Group surged on Monday on news reports that the commodity trader has been granted an extension till October of a US$2 billion credit facility that was due to expire this week.
The stock jumped at the opening bell and spiked to as high as 48 Singapore cents before ending the day at 47.5 cents. The gain of 46 per cent, or 15 cents, was its largest one-day jump in percentage terms on record.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention