Since the declines seen in early 2020, global equity markets have not only recovered lost ground, but have surged to record highs - with economic recovery being supported by government and central bank policies responding to the devastation of the COVID-19 pandemic.
All sectors represented within the Top 100 list saw a marked increase in market capitalisation in the year to March 2021. Technology continues to be the largest sector in terms of market capitalisation recording an aggregate value of $10.5 trillion supported by a 71% increase to the constituent companies’ value in March 2021 as compared to March 2020.
The report indicates that market capitalisation of the Global Top 100 companies increased by 48% to $31.7 trillion in March 2021 compared to $21.5 trillion in March 2020.
Ross Hunter, IPO Centre Leader at PwC, says,
“Looking beyond the dislocation caused by the initial outbreak of COVID-19, the market capitalisation of the Global Top 100 companies has increased by a remarkable 51% between March 2019 and March 2021, compared to an increase in the MSCI World Index of 33%. Led by the US, this highlights the ability of the largest companies to leverage technology and grow at scale over this period, breaking away from the growth trend line over the past decade.”
Notes to editors
The Global Top 100 Companies by market capitalisation - March 2021 edition is available to read here.
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