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Naspers follows Tencent lower

Oct 31 2011 16:28 Reuters

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 1360.91
Change 5.39
% Change 0.00
Cumulative volume 388519
Market cap 567.24bn

Last Updated: 01/09/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Shares of Naspers [JSE: NPN], South Africa’s biggest media company, slid over 3.7% to R380.46 following a weaker close by Chinese internet unit Tencent Holdings, which ended 2% lower.
 
Tencent announced on Monday it was investing in a Chinese social networking site but did not disclose financial details of the deal.

“Naspers is down because Tencent Holding was down nearly 3% this morning,” said Nick Kunze, head of dealing at BJM Private Clients.

- Fin24 is a Naspers publication.
tencent holdings  |  naspers
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