Glencore Xstrata list on JSE
The company opened at R55 per share on the Johannesburg Stock Exchange’s main board.
JOHANNESBURG - Shares in mining and commodity trading group Glencore Xstrata started trading on the Johannesburg Stock Exchange on Wednesday.
Glencore is already listed on the London Stock Exchange and has a secondary listing in Hong Kong.
The shares opened at R55 each.
Glencore's activities in Africa are skewed towards chrome and coal production.
It also has copper and platinum interests, including a 25 percent stake in Lonmin, the world's third-largest producer of platinum.
South Africa's platinum sector has just come through two tough years with weak platinum prices and labour unrest.
Brokers are likely to keep a cautious eye on the new stocks.
The JSE dropped by nearly 900 points on Wednesday, but Glencore Xstrata was not hit by the negative trend.