BHP Billiton spin-off South32 trades lower than expected on its first day of trading

By Peter Ker
Updated May 19 2015 - 9:16am, first published 8:30am
South32's listing on the ASX. (L-R) CEO Graham Kerr with Chairman David Crawford ringing the bell at the Perth ASX. Picture: PHILIP GOSTELOW
South32's listing on the ASX. (L-R) CEO Graham Kerr with Chairman David Crawford ringing the bell at the Perth ASX. Picture: PHILIP GOSTELOW

South32 has traded lower than most investors expected on its first day of trading, but market watchers warn that it could be weeks or months before BHP's demerger strategy could be truly judged. 

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