Loading...
See More

Tencent drags down Naspers

Jun 09 2011 10:39 Reuters

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 1669
Change -17
% Change -1
Cumulative volume 480263
Market cap 0

Last Updated: 05-03-2015 at 11:22. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Profit jump for Tencent

New head for Naspers MIH

Mail.ru stake for sale, Naspers holds on

Naspers falls on Tencent growth fears

Profit rise for Tencent

Naspers falls further on Tencent jitters

 

Johannesburg - Shares of Naspers [JSE:NPN] are down 2.5% to R396.49 in early trade, tracking those of Chinese firm Tencent Holdings in which it holds more than 30%.

Tencent, China’s most valuable internet company and a major revenue earner for Naspers, is one the biggest drags on Hong Kong’s benchmark index, shedding 3%.

The stock found chart support at HK$207, the low last month and a level that had proved a stiff resistance in April. A break below this level would confirm a “triple-top” pattern in the stock, traders say, that could pave the way for a slide to around HK$186.

* Fin24 is a Naspers publication.

 
naspers  |  tencent

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Fin24 has teamed up with Ian Mann, ace business book reviewer and author of the best-selling book “Managing with Intent,” to host the second Best Business Books Breakfast of the year where Ian will show you how to lead and attract.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Facebook as a tool for small business is:

Previous results · Suggest a vote

Loading...