The Business Times

Singapore: Shares open lower, Noble tumbles on resumption

Published Fri, Feb 27, 2015 · 01:21 AM

SINGAPORE shares opened lower on Friday with the Straits Times Index down 4.10 points to 3,422.08 at 9.02am, after falling oil prices hit oil-linked equities on the Dow Jones Industrial Average and S&P 500.

In all, some 127.2 million shares worth S$219.9 million changed hands, with gainers outnumbering losers 74 to 69.

The exchange's most active stocks were Noble Group and Golden Agri-Resources.

On resuming trading today, Noble lost six cents or 5.7 per cent to S$1. Some 22.9 million shares changed hands. It had reported a net Q4 loss of US$240 million and come under a second attack by anonymous short-seller Iceberg Research on Thursday, which led it to halt trading in its shares.

Golden Agri on Friday reported a net loss of US$21.9 million for the fourth quarter ended Dec 31, 2014, compared to a net profit of US$123 million a year ago. It also proposed a lower dividend of 0.585 Singapore cents per share for FY14, compared to a payout of 1.10 Singapore cents in FY13. Its shares fell half a cent (or 1.2 per cent) to S$0.405, with 12.6 million shares traded.


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