Naspers Share Price Breaks Record High after 20% Monthly Gain on Buyback, Optimism

By: fxleaders|2025/05/07 12:45:01
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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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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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