Hot stock: Noble down 10% on trading resumption, most active stock on SGX
COMMODITY trader Noble Group was the most active stock on Singapore Exchange by volume traded on Friday morning.
It fell by as much as 10 per cent to S$0.27 after resuming trading at about 10.25 am. Some 45.2 million shares had changed hands.
Trading resumed after Noble requested for a brief halt as it unveiled a one for one rights issue at more than 60 per cent discount to Thursday stock price close of S$0.30.
The commodities trader also announced the impending step-down of its founder and executive chairman Richard Elman, changes to its board of directors as well as the US$500 million rights issue.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Bitcoin 'halving' has taken place: CoinGecko
Wall Street bonus rules return to regulatory agenda in third try
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade