The total market capitalization of all companies trading on the London Stock Exchange (LSE) has taken a large hit during the early months of 2020, due mostly part to a mass sell-off of shares caused by the fears surrounding the global coronavirus (COVID-19) pandemic. Between December 2019 and March 2020, the total value of market capitalization decreased by more than 900 billion British pounds (GBP). The overall number of companies currently trading has also fallen, although the number of daily trades spiked in March 2020. As of August 2024, the total market value of all companies trading on the London Stock Exchange stood at over 3.74 trillion British pounds.
European stock exchanges
While almost every country has a stock Exchange, in Europe only 5 exchanges are considered major, with total market capital amounting to over one trillion euros. The London Stock Exchange is the second largest in Europe and ninth largest worldwide. As of March 2023, Europe’s largest stock exchange, Euronext had a total market capital of listed companies valued at approximately 6.72 trillion U.S. dollars.
Euronext
The coronavirus (COVID-19) pandemic also caused a decrease in the total market capitalization of the Euronext, which amounted to 4.4 trillion euros at the end of 2020. The largest company in terms of market capitaliyation trading on the Euronext stock market was French luxury goods company LVMH (Moët Hennessy Louis Vuitton), with a value of over 350 billion euros.