Naspers follows Tencent lower
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.