Noble Group rebounded in Singapore as the company's new rights shares began trading on the exchange, extending a roller-coaster ride ahead of quarterly results next week that'll shed light on the commodity trader's performance, funding and plans for asset sales.
The shares rallied as much as 12 per cent to 14.8 Singapore cents and traded at 14.3 cents at 11.58am local time.
In the preceding two days, the stock lost 19 per cent, with a plunge on Tuesday that drew a query from the exchange. Hong Kong-based Noble Group said it was unaware of the reason for the move.
After a turbulent 2015 as the company posted losses, was cut to junk and saw its shares routed, Noble Group is facing further challenges this year even after wrapping up the one-for-one rights issue that raised about US$500 million.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment