Naspers Share Price NPN Breaks Record High after 20% Monthly Gain on Buyback, Optimism
The South African tech giant’s stock has surged to all-time highs, lifted by renewed investor confidence, strategic share repurchases and...
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 South African tech giant’s stock has surged to all-time highs, lifted by renewed investor confidence, strategic share repurchases, and a sharp Sentiment reversal from April’s dip.
Strong Rebound Propels Naspers to New Peaks
Naspers Ltd (JSE: NPNJn) is once again commanding market attention after its share price soared to fresh record highs. The rally, which has pushed the stock up by 20% over the past month, marks a dramatic turnaround from the sharp pullback seen in early April when fears over U.S. global tariffs rattled markets.
That decline found technical support at the 200-day simple moving average (SMA), where buyers stepped back in, setting the stage for a sustained upward move.
Naspers Shares Chart Daily – Old Highs Have Turned Into Support
Last Friday, the stock opened with a bullish gap just under the key resistance zone at R5,000—a level that had previously rebuffed three separate rally attempts earlier in the year. However, this time the price broke through, and what was once resistance appears to have flipped into support. After briefly retesting the R5,000 level over the last two sessions, Naspers shares bounced higher again, reinforcing the breakout and suggesting that further upside could be on the horizon.
Aggressive Buybacks Add Fuel to the Rally
The momentum behind Naspers’ share price is being strengthened not just by technical factors but also by decisive action from within the company itself. In a report released last month, Naspers revealed that between January 10 and April 9, it repurchased 5.19 million shares—approximately 3.16% of its issued capital—at prices ranging from R3,576.95 to R4,955.59. This sizable repurchase program signaled management’s confidence in the company’s valuation and outlook, bolstering sentiment among shareholders.
Naspers Shares Chart Weekly – The 50 SMA Keeps Pushing the Lows Higher
Adding to this narrative, Naspers disclosed another wave of buybacks this week. Between April 28 and May 2, 2025, the company acquired an additional 177,844 shares at an average price of R4,922.54 per share, amounting to a total value of nearly ZAR875 million (approximately US$47.3 million). These purchases have not only reduced share float but also provided consistent buying pressure that has helped propel the stock to record levels.
Investors Eye Further Gains Amid Strong Technical Setup
With the breakout above the R5,000 mark now holding firm and institutional buying continuing, market sentiment around Naspers remains decisively bullish. The company’s strategic positioning in global internet and media sectors, coupled with its ongoing share buybacks, is reinforcing confidence at a time when many tech stocks globally remain under pressure.
While macroeconomic risks and policy uncertainty—such as global tariffs—could still introduce volatility, the current trend and investor behavior suggest that Naspers may be entering a new phase of sustained momentum. All eyes will now be on whether the stock can extend beyond its recent peak and establish a new support range at these elevated levels.
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