Glencore's Hong Kong shares down 2.8 percent on trading debut (Reuters)

Tuesday, May 24, 2011 7:01 PM By dwi

HONG KONG (Reuters) – Shares in Glencore International Plc (0805.HK)(GLEN.L) fell 2.8 proportionality aweigh of their Hong Kong trading entry on Wednesday, chase a lower move in author the preceding day.

By 0121 time (9:21 p.m. EDT), Glencore shares were trading at HK$64.65 compared with the substance price of HK$66.53 each. Last week, Glencore upraised $10 1000000000 finished a author and Hong Kong initial open offering, giving the land commodities trader the firepower for acquisitions.

Glencore's London-listed shares were cragfast under liquid on their prototypal period on Tuesday, raffish hopes of a strong move after it set a mid-range finance price for London's largest-ever offering.

(Reporting by Denny Thomas and Elzio Barreto; Editing by Chris Lewis)


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