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Noble shares dive again in stock market, commodities rout

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Published Wed, Aug 12, 2015 · 09:50 PM

Singapore

NOBLE Group shares dived again on Wednesday amid a plunge in Asian equities and raw material prices, and persistent criticisms over its accounting practices by some market watchers, even as the commodities trader resumed its share buybacks.

Its stock tanked 11.4 per cent to close at 50.5 Singapore cents on Wednesday, as Singapore's market benchmark Straits Times Index sank 2.9 per cent to 3,061.49 points after China devalued its renminbi for a second day.

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