Hot stock: Noble down after proposed share consolidation to reduce speculation
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TRADERS did not take kindly to commodity trader Noble Group's proposed consolidation of 10 shares into one.
"This will help to reduce volatility and improve liquidity, by reducing the bid-ask spread, and concurrently the impact of speculative orders on the stock," Noble said on Wednesday evening.
As of 11.51am on Thursday, the counter was trading at S$0.193, down S$0.017 or 8.1 per cent, with more than 250 million shares traded.
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