Friday, August 28, 2015

Hot stock: Olam deal at premium sends Noble Group toward monthly advance

Noble Group Ltd, the commodities trader criticised over its accounting methods, climbed for a second day, extending its first monthly advance since November, after Mitsubishi Corp agreed to pay a premium for a stake in rival Olam International Ltd.
 
commodity tradeNoble jumped 5.8 per cent to 54.5 Singapore cents as of 10:54 am in the city state, heading for a 19 per cent advance this month. The shares slumped in the past eight months amid a commodities rout and after Iceberg Research questioned the company's accounting practices in a report published in mid- February.

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