Noble plunges 6.82% to 10-month low

Singapore

SHARES of Noble Group plunged 6.82 per cent on Tuesday to a 10-month low of S$1.025; the commodities trader was among the most heavily traded, with more than 70 million shares changing hands.

The significant sell-off had analysts wagging fingers at China Investment Corporation (CIC), Noble's second largest shareholder, for possibly performing another round of divestment, amid a weak crude market.