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Naspers falls on Tencent growth fears

Mar 17 2011 10:57
Reuters

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 1850
Change -86
% Change -4
Cumulative volume 1687179
Market cap 0

Last Updated: 08-02-2016 at 05:06. Prices are delayed by 15 minutes. Source: McGregor BFA

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Naspers up on Tencent rebound

Profit rise for Tencent

 
Johannesburg - Naspers [JSE:NPN] shares fell more than 2% after Chinese firm Tencent, in which it owns a 30% stake, posted its biggest one-day fall in more than two years on Thursday.
 
Shares of Tencent, China’s largest internet company, fell nearly 11% on concerns over tighter operating margins and slower growth.

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

Naspers stocks were down 2.3% at R373.78, becoming the biggest percentage loser among Johannesburg’s Top-40 index of blue chips.
naspers  |  tencent  |  jse

 
 
 

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