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Phillip, CIMB, UOB Impose Curbs on Noble Group Share Trading

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Phillip Securities Pte, UOB-Kay Hian Holdings Ltd. and CIMB Group Holdings Bhd. restricted online trading and imposed other curbs on Noble Group Ltd. shares as volatility rose. The stock posted its first gain in seven days.

Phillip Securities will limit Noble trading to phone orders through its brokers. CIMB is asking clients buying more than S$200,000 ($142,470) of the Singapore-traded stock to pay cash upfront, according to trader Ernest Lim. At UOB, a 50 percent cash down-payment is required for purchases above S$50,000, dealer Jimmy Ho said.