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NSE continues steady climb as world’s five biggest stock exchanges drop $1.3trn in H1 ’20

August 6, 2020822 views0 comments

By Charles Abuede

The market capitalization of the world’s five biggest stock exchanges dropped by $1.3trn in Q1 2020, tumbling from $52.05 trillion in January to $50.75trn value in March.

 

The fall in value was occasioned by the outbreak of the coronavirus pandemic which has enormously affected the global stock markets causing sharp value falls, and many billions cleared off values of indexes, data compiled by BuyShares and made available to Business A.M. show.

So, what is the market cap of the world’s biggest exchanges?

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New York Stock Exchange reached $25.5trn value in March

As the foremost global stock trading platform, the New York Stock Exchange (NYSE) was valued at $22.9 trillion in January, data from the World Federation of Exchanges and Statista reveal. Before the end of March, the equity capitalization of New York’s leading stock trade market rose by $2.9 trillion, coming to $25.5 trillion value.

With about $410.7 billion in market capitalisation, the Berkshire Hathaway Inc. stood as the most expensive stock listed in New York and globally. In January, the stock cost of perhaps the biggest organization on the planet crested at more than $345,000 value. Before the finish of the first three months of the year, this worth plunged to $240,000, practically a 45 per cent drop in a quarter of a year. Toward the finish of the last week in March, the Berkshire Hathaway stock cost remained at over $262,800.

Johnson & Johnson positioned as the second most valued organization listed in New York, with $380.2 billion in market cap as of May. The company’s stock price fell from $149.9 in February to $111.14 by the ending of March; this sharp drop was occasioned by the Black Monday. Nevertheless, the company’s stock price stood at $144.3 during the end of the first quarter of 2020, according to statistics

Third on the log is JP Morgan Chase ranking as one of the most valued companies listed on the New York bourse with $276.9 billion in market cap as of May. With the coronavirus airing its episode, the estimation of perhaps, the biggest bank universally dropped by over 40 per cent, tumbling from $425.6 billion in February to $244.6 billion in March.

Value of top 3 NASDAQ companies split 50:50 amid Covid-19 to $11.2trn

Toward the start of the year, the world’s second biggest stock trading exchange, NASDAQ, came to $13.2 trillion value. Data show that before the finish of the first quarter of 2020, this figure dropped to $11.2 trillion.

Microsoft, Apple, and Amazon, as the three biggest organisations listed on NASDAQ, saw an enormous drop in the value of their market cap in the midst of coronavirus flare-up. Toward the finish of February, the joined market cap of the three organizations remained at $3.8 trillion but halved to $1.9 trillion by the end of March.

Japan Stock Exchange market cap fell to $5trn

Meanwhile, the Japan Stock Exchange, which follows as the third largest stock exchange group in the world lost almost $1 trillion in value in the first quarter of the year with the total market cap seeing a decline from over $6 trillion in January to more than $5 trillion by the end of the first quarter, Statista uncovered.

Shanghai and Hong Kong Stock Exchanges combined market cap

The Shanghai and Hong Kong stock Exchanges have seen $835 billion drop in their consolidated market cap in three months, tumbling from $9.7 trillion in January to $8.9 trillion toward the finish of the March in the year 2020.

Nigeria Stock Exchange still upholds market cap value in 6 months

In a related development, the Nigeria Stock Exchange (NSE) had a market cap value of N28.26 trillion ($73.39 billion) as at the start of January but has risen by 1.41 per cent as the Nigerian bourse is valued at N28.7 trillion as at the first week of August with about 331 total listed companies.

 

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