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Noble shares jump as much as 20% after confirming 2Q loss

Hot Stock

Noble shares jump as much as 20% after confirming 2Q loss

PC Lee Published on Fri, Aug 11, 2017 / 1:22 PM GMT+8

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SINGAPORE (Aug 11): Shares of debt-laden commodities trader Noble Group surged as much as 20% on Friday following 2Q earnings that showed no fresh causes for concern about the company.

“There was no new ground-breaking fear factor that was revealed,” said Nicholas Teo, trading strategist at KGI Securities, “Most of the bad news is already in the price.”

At 10.06am, shares were up 10% at 38.5 cents.

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Noble shares jump as much as 20% after confirming 2Q loss

Hot Stock

Noble shares jump as much as 20% after confirming 2Q loss

Primary tabs

Error message

Noble shares jump as much as 20% after confirming 2Q loss

Hot Stock

Noble shares jump as much as 20% after confirming 2Q loss

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