Noble plunge leads to SGX 'caution' call

Singapore

SHARES in Asia's biggest commodity trader, Noble Group, sank to a low of 50.5 Singapore cents on Thursday before closing at 52 cents, down seven cents or 11.9 per cent.

Noble was the third most actively traded stock by volume on Thursday as 138.42 million shares changed hands. Thursday's price was the lowest that the stock has plunged to since around November 2008, prompting the Singapore Exchange to issue a query - the third in six months - and a subsequent "trade with caution" notice after Noble said in its reply that it was not aware of any reason that could explain the unusual price fall.