The market capitalisation of the 100 largest listed companies in the world recovered strongly in the second quarter, recovering almost completely the 15% loss recorded in the first three months of 2020 when the COVID-19 pandemic broke out, according to PwC’s Global Top 100 companies, quoted by Business-Review.eu.
Thus, the capitalization of the 100 companies rose by USD 3.57 trillion in the second quarter, reaching USD 25.04 dollars at the end of June, just 1% below the level recorded in December 2019, of USD 25.37 trillion.
On sectors, Industrials and Basic Materials saw the largest gains from March to June, of 33%, followed by Technology, with 28%, and Consumer Services, with 25%. Modest gains were seen in Oil and Gas, with 10%, and the financial sector, with only 5%.
By region, USA and China companies experienced 2% growth in capitalizations, while European companies fell by 3%.
The US ranks first, having more than half (59) of the companies in the top followed by Europe, with 17 companies, China and its regions, with 15 companies.
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