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.
Noble 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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