Loading...
See More

Naspers falls further on Tencent jitters

Mar 18 2011 16:20 Reuters

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 1259.15
Change 21.44
% Change 0.02
Cumulative volume 966274
Market cap 525.05bn

Last Updated: 22/10/2014 at 04:24. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Naspers falls on Tencent growth fears

Profit rise for Tencent

Naspers up on Tencent rebound

Naspers up on higher earnings report

Pay-TV, internet propel Naspers profit

Naspers: Tencent aims to dominate world

 
Johannesburg - Naspers [JSE:NPN] has extended losses on Friday, as the market continues to be worried about the growth plan of Chinese firm Tencent in which it has a 30% stake.

Naspers shares traded 3.12% lower at R354.60, becoming the biggest percentage loser among Johannesburg's Top 40 index of blue chips.

On Thursday, Naspers fell 4.4% to R366.01 after Tencent posted slower profit growth.

"I think this is what is still driving the share price," said a trader.

Tencent's blockbuster growth has been a big contributor to the performance of the media firm, which is heavily invested in emerging markets and e-commerce internet companies.

The Top 40 blue chip index has gained more than 1%, tracking global equity markets, with miners adding the most points to the index as commodity prices cruise higher.

The benchmark index is up 1.02% at 27 947.92 points and the broader All-share index is 0.88% better at 30 988.39 points. 
tencent holdings  |  naspers  |  jse  |  markets
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...