Shares in property developer Noble jump 10%

NOBLE’s stock price promptly jumped to Bt13.20, a rise of about 10 per cent from Monday, before settling at Bt13 on Tuesday.
The identity of the two large investors was not revealed.
Arttavit Chalermsaphayakorn, Noble’s chief financial officer, said that the two had taken a stake in the company after seeing prospects for growth.
The move came after the Ton Poh Fund last month sold around half of its 7.84 per cent stake in Noble.
Another factor supporting trade in Noble stock was its turnover in the second quarter of this year.
Noble Development earned a total Bt1.8 billion, up 122 per cent year on year, while it recorded a net profit of Bt303 million.