Naspers Share Price (NPN) Hits Record Highs on Buyback, Strong Prosus Q1 Results
The shares of South Africa's IT giant Naspers are trading at all-time highs due to strategic share repurchases and outstanding Prosus Q1 pro
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Last updated: Wednesday, June 4, 2025
Quick overview
- Naspers Ltd's stock has reached all-time highs, rising 20% over the past month due to renewed investor confidence and strategic share repurchases.
- The stock's recovery followed a significant dip in April, finding support at the 200-day simple moving average before breaking through the key resistance level of R5,000.
- Naspers has actively repurchased shares, acquiring over 5 million shares earlier this year and an additional 177,844 shares recently, signaling management's confidence in the company's outlook.
- Market sentiment remains bullish as institutional buying continues, with investors optimistic about further gains despite potential macroeconomic risks.
The shares of South Africa’s IT giant Naspers are trading at all-time highs due to strategic share repurchases and outstanding Prosus Q1 profits.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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