As of March 2024, the largest company by market capitalization listed on the Euronext stock exchange was the French luxury goods company LVMH, made up of Louis Vuitton, Moët and Hennessy. At that time, the company’s market value was around 410 billion euros and in second place was the Dutch company ASML Holdings with almost 360 billion euros.
Presentation of Euronext
Based in Paris and Amsterdam, stock exchange operator Euronext has established itself as one of the largest players in the sector, ranking third in terms of market capitalization in 2023, despite its relatively recent creation. Unlike the New York Stock Exchange (NYSE), which can boast a rich history of 231 years compared to the age of other global stock exchanges, Euronext has only been in existence for 23 years and was initially created by merger of the Amsterdam Stock Exchange, Brussels and Paris Stock Exchanges. Nevertheless, he quickly gained worldwide recognition.
Market performance
Euronext’s market capitalization has shown a steady upward trajectory since 2014, peaking at almost €5.5 trillion. Despite the fluctuations observed on the Euronext 100 index, characterized by a temporary decline during the Covid pandemic, a recovery was recorded, with the index reaching its highest value in January 2024. This performance highlights the resilience and Euronext’s dominance in monthly market capitalization values across European stock exchanges from 2019 to 2023, reflecting sustained growth over this four-year period.