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S.Africa's Naspers shares fall more than 30% after Prosus market debut

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09/11/2019 | 06:41am EDT
Visitors walk past a reception with an electronic board displaying movements in major indices at the Johannesburg Stock Exchange building in Sandton, Johannesburg

JOHANNESBURG (Reuters) - Shares in South Africa's e-commerce giant Naspers tumbled more than 30% on Wednesday following the market debut of its spin-off Prosus in Amsterdam.

Prosus comprises Naspers' global empire of consumer internet assets, with the jewel in the crown a 31% stake in Chinese tech titan Tencent.

Naspers shares were down 31.02% at 2,428 rand by 1021 GMT.

(Reporting by Onke Ngcuka, editing by Louise Heavens)

Stocks treated in this article : Naspers Limited, Tencent Holdings Ltd
Stocks mentioned in the article
ChangeLast1st jan.
NASPERS LIMITED -2.21% 2488.58 End-of-day quote.-11.12%
TENCENT HOLDINGS LTD -0.87% 343.6 End-of-day quote.9.15%
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