Euronext: market capitalization of largest companies 2024
As of March 2024, the largest company by market capitalization listed on the Euronext stock exchange was the French luxury goods company LVMH, which consists of Louis Vuitton, Moët and Hennessy. At this time, the company's market capital value was around 410 billion euros and in second place was the Dutch company ASML Holdings with nearly 360 billion Euros.
Euronext overview
Headquartered in Paris and Amsterdam, the exchange operator Euronext stands out as one of the industry's largest players, ranking third in terms of market capitalization as of 2023, despite its comparatively recent establishment. Unlike the New York Stock Exchange (NYSE), which boasts a rich history spanning 231 years compared to the age of the rest of the worldwide exchanges, Euronext has only been in operation for 23 years and was initially created through the merger of the Amsterdam, Brussels, and Paris stock exchanges. Nevertheless, it has swiftly gained global recognition.
Market performance
Euronext's market capitalization has exhibited a consistent upward trajectory since 2014, peaking at nearly 5.5 trillion euros. Despite fluctuations observed on the Euronext 100 Index, characterized by a temporary drop during the Covid pandemic, a subsequent recovery was recorded, with the Index reaching its highest value as of January 2024. This performance highlights Euronext's resilience and dominance in monthly market capitalization values across European stock exchanges from 2019 to 2023, reflecting sustained growth over this four-year period.
