Prosus Buyback Surge and CEO Confidence—JSE: PRX Share Price Extends Rally After Breakout
African tech investor Prosus (JSE: PRX) continues its powerful rally, soaring to record highs after breaking above a key resistance zone.
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Last updated: Thursday, July 24, 2025
Quick overview
- Prosus has reached record highs, gaining nearly 350% over the past three years after a low in early 2022.
- The stock rose 4.5% on Wednesday and over 7% in the past five trading days, hitting an all-time high of 108,304 ZAC.
- Investor confidence is bolstered by a significant share buyback program and a major stock purchase by CEO Fabricio Bloisi.
- Regulatory challenges may arise as Prosus prepares to reduce its stake in Delivery Hero to address antitrust concerns in Europe.
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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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