Noble up after MPA dismisses some claims by Iceberg

Singapore

SHARES in Noble Group got a small boost on Friday after the Maritime and Port Authority (MPA) refuted some claims made by obscure research outfit Iceberg Research against the commodities trader.

Noble, which has seen its share price tumble over the past few weeks, rose 1.5 cents or 1.6 per cent to S$0.945 after 36 million shares changed hands. It ended the week about 8 per cent higher.