Naspers surge boosts industrials on JSE

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(Gianluigi Guercia, AFP)
(Gianluigi Guercia, AFP)

Johannesburg - Naspers [JSE:NPN], by far the biggest share on the JSE representing about 20% of the market’s value, traded almost 2% higher on Thursday morning on a day when most of the market was under pressure due to the rampant rand.

By mid-morning the share price was 1.98% higher at R2 160.99, at one stage trading at R2 174.00.

Naspers’ weight helped support the Industrial index on a day when most of the dual-listed shares were down due to the strong rand which at mid-morning traded at R12.93 to the dollar, the strongest level in 17 months.

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Rand - Dollar
14.13
-0.0%
Rand - Pound
19.92
-0.0%
Rand - Euro
17.16
-0.0%
Rand - Aus dollar
11.00
-0.0%
Rand - Yen
0.13
-0.0%
Gold
1,843.76
0.0%
Silver
27.42
0.0%
Palladium
2,894.50
0.0%
Platinum
1,229.50
0.0%
Brent Crude
68.71
+2.5%
Top 40
60,573
+0.6%
All Share
66,598
+0.7%
Resource 10
69,386
-0.1%
Industrial 25
83,277
+0.9%
Financial 15
12,685
+1.5%
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