Noble ends flat after initial fall over share consolidation

Singapore

TRADERS on Thursday initially did not take too kindly to commodity trader Noble Group's proposed consolidation of 10 shares into one, which it said would curb speculative activity in its stock. However, as the day wore on, they must have figured they overreacted.

The stock dropped to as low as S$0.191, a fall of 9 per cent, in the morning. However, it recovered to close unchanged at $0.21. Some 452.5 m…