Data provided by iNet BFA
Loading...
See More

Naspers falls further on Tencent jitters

Mar 18 2011 16:20 Reuters

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 1284.43
Change -10
% Change -0.01
Cumulative volume 615974
Market cap 535.37bn

Last Updated: 25/07/2014 at 04:34. 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

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Passive investment for retirement

The use of passive investment products, like Exchange Traded Funds, to deliver low-cost investment performance is taking off.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

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