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Noble Group’s shares bounce back 13% to 14.9 cents

Singapore Business Review

New rights shares have started trading.

In what seemed like an aggressive move to boost trading performance ahead of quarterly results, Bloomberg reports that Noble Group’s new rights shares kicked off trading on the exchange and surprised everyone with a 13% rally to 14.9 cents.

For two preceding days, the stock plunged 19 percent, but Noble Group recovered today and began trading at 14.3 cents in the morning.

Read the full report here.



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