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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.

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