PwC Top 100 listed companies in the world: Strong recovery in market value in the second quarter

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.

”The pandemic caused significant distortions in the market over a short period, and the world’s largest companies provide relative security for investors, but there are clear distinctions in the performance of different regions and sectors. Technology and Consumer Services companies are a key driver of this evolution, being a good sign for global economy recovery. Both sectors will continue to grow benefiting from digital acceleration, e-commerce growth and the migration to the cloud”, said Dinu Bumbăcea, Partner and Advisory Leader of PwC Romania.

 

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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