According to data gathered by BuyShares, the market cap of the world’s five largest stock exchanges dropped by $1.3trn in the first quarter of 2020, falling from $52.05trn in January to $50.75trn value in March.
New York Stock Exchange Reached $25.5trn Value in March
As the leading stock exchange market in the world, the New York Stock Exchange was valued at $22.9trn in January, revealed Statista and World Federation of Exchanges data. By the end of the March, the equity market capitalization of New York’s leading stock exchange rose by $2.9trn, reaching $25.5trn value.
With $410.7bn in market cap, the Berkshire Hathaway Inc. represents the highest-priced stock listed in New York and globally. In January, the stock price of one of the largest companies in the world peaked at more than $345,000 value. By the end of the first quarter of the year, this value plunged to $240,000, almost 45% drop in three months. At the end of the last week, the Berkshire Hathaway stock price stood at over $262,800.
Johnson& Johnson ranked as the second most valued company listed in New York, with $380.2bn in market cap as of May. The Black Monday caused a sharp drop in the company’s stock price, falling from $149.9 in February to $111.14 on March 23rd. Statistics show the Johnson $Johnson stock price stood at $144.3 at the end of the last week.
JP Morgan Chase ranked as the third most valued company listed on the New York Stock Exchange with $276.9bn in market cap as of May. During the coronavirus outbreak, the value of one of the largest banks globally dropped by more than 40%, falling from $425.6bn in February to $244.6bn on March 23rd.
Value of Top 3 Nasdaq Companies Halved Amid Coronavirus Outbreak
At the beginning of the year, the world’s second-largest stock exchange Nasdaq reached $13.2trn value. Statistics show that by the end of the first quarter of 2020, this figure fell to $11.2trn.
As the three largest companies listed on Nasdaq, Microsoft, Apple, and Amazon witnessed a massive drop in their market cap value amid coronavirus outbreak. At the end of February, the combined market cap of the three companies stood at $3.8trn. By the end of March, this value halved to $1.9trn.
Statista data revealed that, as the third-largest stock exchange globally, Japan Exchange Group lost almost $1trn in value in the first quarter of the year, with the market cap falling from over $6trn in January to more than $5trn at the end of the March.
Shanghai Stock Exchange and Hong Kong Exchanges have witnessed an $835bn drop in their combined market cap, falling from $9.7trn value in January to $8.9trn at the end of the March.
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