Audit and consulting company PwC has estimated that from March to June 2020 87 out of 100 leading world companies demonstrated growth in market capitalization. As a result, total market capitalization of the top 100 companies in the world in June 2020 only 1% lagged behind December 2019, despite the continuing high volatility of the stock markets.In the PwC study on the 100 largest companies in the world by market capitalization, it is noted that as at the end of June, the total capitalization of these companies was $25 trillion. 17% more than in March, when many countries began to impose the most stringent and restrictive quarantine measures to combat the pandemic COVID-19. From March to June 2020 87 companies of the 100 showed growth in market capitalization, while only 10 companies showed growth from January to March 2020.The recovery of the capitalization of the largest companies in the world has led to the fact that in June 2020, the market capitalization of the top 100 companies in the world only 1% ($335 billion) lagged behind December 2019. While PwC recalls that from December 2019-March 2020 total capitalization the 100 largest companies in the world decreased by 15% ($3.9 trillion).PwC partner Rustem Teregulov, practice leader for capital markets in Russia and the CIS, believes that “in the conditions of significant instability on financial markets, the world’s largest company, thanks, in particular, a concentration of technology companies in the list, provided investors with relative safety. Adverse market conditions developed for all companies, but the vision of the market in relation to the adaptability of certain companies to external shocks is reflected in clear differences among the different regions and sectors”.The five largest companies in the world by market capitalization remains the same: all of these companies market capitalization since March grew at Saudi Aramco at $131 billion, Apple at $469 billion, Microsoft at $344 billion, Amazon at $405 billion, Google at $167 billion While the share of technology companies in the overall increase in market capitalization U.S. companies for the period from March to June 2020 was 21%. Speaking about the situation in China, PwC notes that the results achieved by the largest companies in that country from December 2019, was due to the fast pace of business recovery from the effects of COVID-19 and the presence of well-developed high tech and e-Commerce.Eugene Tail
