Noble says it's still in talks; but market's unmoved

Singapore

NOBLE Group's shares continued to slide on Wednesday, while its bonds climbed, as the commodity trader said it remained in talks with various potential strategic partners.

Opening at 32.5 Singapore cents in the morning, the stock rose to as high as 48.5 cents in the early afternoon before ending the day at 38.5 cents - down 3.5 cents or 8.3 per cent from the previous close. The wild ride came as at least four local brokerages placed restrictions on trading of the stock.