JSE market heavyweight Naspers’s share price hit R3,000 in intraday trade on Wednesday. It has gained 48% so far in 2017, crossing R2,000 on December 29 2016. Naspers started the day at R2,935.35 and soon strengthened despite trade being suspended in Hong Kong, where its 33%-held Chinese subsidiary, Tencent, is listed. Naspers’s share price on the JSE closed 2.27% up at R2,993. Herenya Capital Advisors analyst Petri Redelinghuys ascribed Naspers’s crossing of the R3,000 level to recent gains made by Tencent.
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