6.5 C
New York
Sunday, November 28, 2021

The 100 most valuable companies lose 3.6 billion in the stock market due to the coronavirus

Must Read

A massive asteroid stronger than an atom bomb is approaching Earth: how dangerous can it be?

The asteroid 2018 AH is expected to be roughly 190 meters long, similar to the Tunguska asteroid,...

Giving Tuesday: a chance to make a real difference for others and ourselves after Black Friday and Cyber Monday

Giving Tuesday 2021: After Black Friday and Cyber Monday, a chance to truly help others and ourselves.

JPMorgan’s chief might regret his comments about China’s CCP but he has a point

Comparing JPMorgan to the Chinese Communist Party is bold and hubristic. Despite his later regrets for boasting...
Aakash Molpariya
Aakash started in Nov 2018 as a writer at Revyuh.com. Since joining, as writer, he is mainly responsible for Software, Science, programming, system administration and the Technology ecosystem, but due to his versatility he is used for everything possible. He writes about topics ranging from AI to hardware to games, stands in front of and behind the camera, creates creative product images and much more. He is a trained IT systems engineer and has studied computer science. By the way, he is enthusiastic about his own small projects in game development, hardware-handicraft, digital art, gaming and music. Email: aakash (at) revyuh (dot) com

Banks, airlines and textiles are the main victims of the crisis. SaudiAramco remains the world’s largest company, followed by Microsoft and Apple.

The coronavirus has rocked the titans of the Bags. During the first quarter, the 100 most valuable companies in the world lost 3.9 trillion dollars (3.6 trillion euros) of their capitalization, an amount equivalent, for example, to the GDP of Germany or almost three times that of Spain.

The joint-stock valuation of that international elite amounted to $ 21.5 trillion at the end of March, compared to 25.4 trillion on January 1. Only the first 50 listed in the ranking have left 2.8 trillion – a similar amount in this case to the GDP of a country like France – to total 16 trillion today, according to the analysis carried out by Revyuh based on Bloomberg data.

Among the sectors most represented in the ranking, the financial sector is the most penalized: its total value fell by 24%, to 4.2 trillion. The technological ones follow, with 10% less. Its joint capitalization, however, still reaches 9 trillion, showing its clear predominance.

Among the activities with the least representation in this elite, the greatest falls correspond to aeronautics (68%) and textiles (38%). In the first case, it is due to the departure of Airbus and Boeing from the top 100 due to the virulence in the Covid-19 sector. In the second, to the strong decline of LVMH and Nike, it is added that Inditex is also out of the ranking.

By geographical area, the capitalization of the US companies on the list amounts to 13.3 trillion, which is 14% less than at the beginning of the year as a result of the worst quarter in Wall Street history. However, those quoted with a North American passport still account for 62% of the total.

The European ones suffer more: they cut their value in the Stock Market by 31%, to 2.6 trillion. They weigh just 10% in the top 100. Asian companies, however, are more successful in the pandemic: their firms, with a capitalization of 5.3 trillion, only drop 10%. They represent 23.3% of the ranking.

When analyzing the proper names, only one company changes in the top 10 compared to January: Johnson & Johnson takes the tenth place from JPMorgan. In the rest, the positions dance and both the predominance of technology companies – with 7 companies – and the reign of SaudiAramco in the ranking by capitalization are confirmed: despite falling nearly 20% since January due to the pandemic and the new crisis of the crude, at the end of the first quarter was valued at 1.6 trillion. It is, of course, the only ambassador of the oil sector in the top 10, which a little over a decade ago was dominated by Exxon, General Electric, PetroChina and Royal Dutch Shell.

After Saudi Aramco, the second place corresponds to Microsoft, which overtakes Apple with a value of 1.2 trillion by managing to maintain its price. The iPhone maker, now third, falls 13.4% to 1.11 trillion. Along with Microsoft, there is another large company that resists the challenge of the coronavirus: Amazon, which increased by 5.4% and climbed to fourth place. Thus, it overtakes Alphabet, fifth, which fell 13.25% in the last quarter. At the time, Alibaba – sixth – overtook Facebook, now seventh, ahead of Tencent, and Berkshire Hathaway.

With this scenario, uncertainty reigns. The second quarter started with more than a third of humanity confined, large multinationals in this top 100 stops and the Stock Exchanges fighting to stop the collapse of world capitalization.

- Advertisement -
- Advertisement -

Latest News

- Advertisement -

More Articles Like This

- Advertisement -