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MARKET WRAP: Naspers helps power JSE’s 2% recovery

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Shares in the market heavyweight rocket after it announces an open-ended buyback process

The JSE extended the previous session’s gains on Monday, lifted by heavyweight Naspers, while global markets had a mixed start to the week as Friday’s rally ran out of steam.

Shares in Naspers, Africa’s largest listed investment group, rocketed after it announced an open-ended buyback process aimed at tackling its discount, fuelled by the steady sale of shares in Chinese media giant Tencent...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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