Noble slips as Iceberg warns of third report

Singapore

NOBLE Group shares slipped on Monday after Iceberg Research said it would issue a third report this week to raise questions about the commodity trader's governance, debt and liquidity buffer.

Noble stock retreated from a two-day rally to slip 2.1 per cent, or 2 Singapore cents, for a closing price of 93 Singapore cents on Monday after some 37 million shares changed hands. In the month since Iceberg began its campaign, Noble's shares have fallen 23 per cent.