SINGAPORE (Feb 24): Another damning report from secretive stock research firm Iceberg Research sent shares of commodity trader Noble Group plunging on Friday, triggering an unusual trading activity query from the Singapore Exchange.

At the close on Friday, Noble shares were down 16.7% or 4.5 cents to 22.5 cents with 623.4 million units traded, making it the most active stock of the session.

Noble's slide prompted a trading query from SGX at 3.20pm. In a response at 3.46pm, Noble said that apart from the Iceberg report, it was not aware of any undisclosed matter that could have accounted for the trading activity.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook