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Naspers and Prosus shares recover some of their heavy losses


Naspers and Prosus shares recover some of their heavy losses
By Edward West
Share
THE SHARE prices of JSE tech stock leaders Naspers and Prosus yesterday recouped some of the massive losses they incurred over the previous two days, which were spurred by China’s clampdown on private sector online education, which affected their biggest investment, internet group Tencent.
By midday yesterday, Naspers, which owns 29 percent of Tencent, traded 3.8 percent higher at R2 643.50 on the JSE, while subsidiary Prosus, with its main listing in Amsterdam, traded 3.4 percent higher at R1 226.85 on its secondary listed market.
The share prices of both companies had slumped more than 7 percent on ....

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