The JSE started the week on an upbeat note, closing just short of its previous high, while the benchmark top 40 reached a record level as Naspers touched R4,000 a share.Naspers ended the day 3.9% higher at R3,995.01. It has surged 98.35% in 2017 and rose 8.59% last week. This was its best weekly performance so far this year after Chinese internet company Tencent, in which Naspers owns about a third, rose strongly in Hong Kong following better-than-expected results for the third quarter.Tencent has more than doubled its market value since January.On Friday, Naspers announced that its earnings would rise by between 62% and 67% in dollar terms for the six months to end September, similar to the quarterly earnings increase announced last week by Tencent.Retailers on the JSE were also star performers on the day, but miners and banks ended lower.Local focus this week is on ratings agency decisions on Friday, with analysts saying the rand, which often gives direction to the local bourse, c...
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