Noble shares fall for second day ahead of rights shares listing
Stock, which lost 18.5% of its value in just two days, was the most heavily traded on Wednesday with 319 million shares worth S$41 million changing hands
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SHARES in Noble Group continued to fall on Wednesday in heavy trading as investors sold the rights shares ahead of their listing on Thursday and as more traders jumped on the selling bandwagon amid the plunge.
The counter tumbled as much as 12.2 per cent to 12.2 Singapore cents in the morning before ending the day off the lows at 13.2 cents, down 0.7 per cent. The stock has lost 18.5 per cent in value in just two days.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
