Price Waterhouse Coopers (PwC) recently released their analysis of the top 100 global companies and concluded that the first quarter of 2021 saw a record jump in market capitalisation. According to Mike Davies, Director of Global Corporate Affairs and Communication at PwC, “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.”
Additionally, PwC reports that the US continues to dominate other regions in terms of overall market capitalisation representation with European corporations falling moderately behind and England being hit hardest. The US, China, and Aramco/Saudi Arabia continue to populate the top of the market cap with Germany and South Korea making advances. The report also emphasizes the continued booming rise in market cap of tech companies with Apple, Microsoft, Google (Alphabet), and Facebook leading the way. The PwC report also highlights the “Basic Materials” sector as outpacing all other sectors as resurgent global supply chains and employment trends push increased demand for raw materials in other industries.
The link to PwC’s full report can be found at https://www.pwc.com/gx/en/services/audit-assurance/publications/global-top-100-companies.html.
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