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Naspers falls on Tencent growth fears

Mar 17 2011 10:57 Reuters

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 1365.19
Change -19.96
% Change -0.01
Cumulative volume 495336
Market cap 569.03bn

Last Updated: 22/08/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

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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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