Olam

Olam: Shares in the commodity firm rose as much as 4.6% to $1.72 and traded just below the level before Muddy Waters launched an attack on Nov. 19 on its prospects and accounting practices. The stock had fallen as much as 22% since the allegations. In a statement on Wednesday, Olam said its net debt to equity before fair value adjustment stood at 1.81 times as of June 30, the lowest level since its listing in 2005. It said its board is"comfortable" with its current equity levels and gearing.