Johannesburg - Shares of media company Naspers [JSE:NPN] rose 2.5% to R397 helped by recovery in shares of China’s Tencent Holdings, in which it owns more than a 30% stake.
Tencent stocks rose 5.28% in Hong Kong in moderate trade on Friday, recovering about half of this week’s losses.
China’s dominant on-line gaming company has been on a tear since the start of the year, as funds continue to invest in Chinese internet firms.
Tencent stocks rose 5.28% in Hong Kong in moderate trade on Friday, recovering about half of this week’s losses.
China’s dominant on-line gaming company has been on a tear since the start of the year, as funds continue to invest in Chinese internet firms.