Luxury giant LVMH hits 400 billion euro in market value

MILAN (Reuters) -LVMH shares rose to a fresh record high on Tuesday, giving the luxury goods group a market capitalisation of 400 billion euros ($434 billion) for the first time...

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Luxury giant LVMH hits 400 billion euro in market value

© Reuters. A logo of LVMH is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier

MILAN (Reuters) -LVMH shares rose to a fresh record high on Tuesday, giving the luxury goods group a market capitalisation of 400 billion euros ($434 billion) for the first time and cementing its lead as Europe's most valuable company.

Like other luxury companies which are heavily exposed to China, LVMH has benefited this year from the fast reopening of the world's second biggest economy. However, some analysts said further gains in the share price could become harder to achieve.

"Let's say I'm waiting for 500 billion to mark it down as a milestone," said Angelo Meda, head of equities and portfolio manager at Banor SIM in Milan.

"They are firing their last cartridge which is the Chinese reopening, going forward things will get tougher: tough comparisons, dollar going down," he added.

The shares rose as much as 0.4% to a lifetime high of 795.7 euros, which gave the group a market value slightly above 400 billion euros, according to Reuters calculations based on Refintiv data. They had reversed course to stand 0.5% lower by 0846 GMT.

Earlier this month, LVMH Chairman and CEO Bernard Arnault reshuffled top management at the group, tightening his family's grip with the appointment of his daughter Delphine to lead Christian Dior, and naming a new boss for Louis Vuitton.

($1 = 0.9236 euros)

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APPROVED BROKERS

05-06-2023 07:17:32 (UTC+7)

EUR/USD

1.0693

-0.0017 (-0.16%)

Summary

Neutral

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (3)

EUR/USD

1.0693

-0.0017 (-0.16%)

Summary

Neutral

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (3)

GBP/USD

1.2430

-0.0028 (-0.22%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (0)

USD/JPY

140.13

+0.14 (+0.10%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

AUD/USD

0.6598

-0.0020 (-0.30%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (5)

Sell (1)

USD/CAD

1.3430

+0.0006 (+0.04%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (7)

EUR/JPY

149.86

-0.07 (-0.05%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/CHF

0.9734

+0.0002 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (0)

Gold Futures

1,964.65

-4.95 (-0.25%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Silver Futures

23.683

-0.064 (-0.27%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (1)

Copper Futures

3.7155

-0.0155 (-0.42%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

Crude Oil WTI Futures

73.25

+1.51 (+2.10%)

Summary

Buy

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Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (3)

Brent Oil Futures

77.72

+1.32 (+1.73%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (3)

Natural Gas Futures

2.201

+0.024 (+1.10%)

Summary

Sell

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Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (8)

US Coffee C Futures

180.60

-2.45 (-1.34%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (9)

Euro Stoxx 50

4,323.52

+65.91 (+1.55%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

S&P 500

4,282.37

+61.35 (+1.45%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

DAX

16,051.23

+197.57 (+1.25%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

FTSE 100

7,607.28

+117.01 (+1.56%)

Summary

Sell

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Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (8)

Hang Seng

18,949.94

+733.03 (+4.02%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

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US Small Cap 2000

1,830.91

+62.97 (+3.56%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

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IBEX 35

9,317.30

+149.80 (+1.63%)

Summary

Buy

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Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (1)

BASF SE NA O.N.

46.790

+1.940 (+4.33%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

Bayer AG NA

52.61

+0.71 (+1.37%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Allianz SE VNA O.N.

210.15

+5.95 (+2.91%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (8)

Adidas AG

159.52

+8.78 (+5.82%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

Deutsche Lufthansa AG

9.303

+0.146 (+1.59%)

Summary

Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (3)

Siemens AG Class N

159.28

+2.60 (+1.66%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Deutsche Bank AG

9.862

+0.284 (+2.97%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (9)

EUR/USD	1.0693	Neutral
GBP/USD	1.2430	↑ Buy
USD/JPY	140.13	↑ Sell
AUD/USD	0.6598	Neutral
USD/CAD	1.3430	Sell
EUR/JPY	149.86	↑ Sell
EUR/CHF	0.9734	↑ Buy

Gold	1,964.65	↑ Buy
Silver	23.683	↑ Buy
Copper	3.7155	↑ Buy
Crude Oil WTI	73.25	Buy
Brent Oil	77.72	↑ Buy
Natural Gas	2.201	Sell
US Coffee C	180.60	↑ Sell

Euro Stoxx 50	4,323.52	↑ Buy
S&P 500	4,282.37	↑ Sell
DAX	16,051.23	↑ Sell
FTSE 100	7,607.28	Sell
Hang Seng	18,949.94	↑ Buy
Small Cap 2000	1,830.91	↑ Buy
IBEX 35	9,317.30	Buy

BASF	46.790	↑ Sell
Bayer	52.61	↑ Buy
Allianz	210.15	Sell
Adidas	159.52	Buy
Lufthansa	9.303	Buy
Siemens AG	159.28	↑ Buy
Deutsche Bank AG	9.862	Sell

Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG
SJC Eximbank	6,650/ 6,690 (6,650/ 6,690) # 1,061
SJC HCM	6,635/ 6,705 (0/ 0) # 1,076
SJC Hanoi	6,635/ 6,707 (0/ 0) # 1,078
SJC Danang	6,635/ 6,707 (0/ 0) # 1,078
SJC Nhatrang	6,635/ 6,707 (0/ 0) # 1,078
SJC Cantho	6,635/ 6,707 (0/ 0) # 1,078
Cập nhật 05-06-2023 07:17:34
Xem lịch sử giá vàng SJC: nhấn đây!

ↀ Giá vàng thế giới
$1,948.65	+0.41	0.02%

ʘ Giá bán lẻ xăng dầu
Sản phẩm	Vùng 1	Vùng 2
RON 95-V	22.790	23.240
RON 95-III	22.010	22.450
E5 RON 92-II	20.870	21.280
DO 0.05S	17.940	18.290
DO 0,001S-V	18.800	19.170
Dầu hỏa 2-K	17.770	18.120

ↂ Giá dầu thô thế giới
WTI	$73.19	-7.33	-0.09%
Brent	$77.57	-7.06	-0.08%

$ Tỷ giá Vietcombank
Ngoại tệ	Mua vào	Bán ra
USD	23.280,00	23.650,00
EUR	24.613,38	25.991,59
GBP	28.653,47	29.875,26
JPY	164,43	174,07
KRW	15,48	18,86
Cập nhật lúc 07:10:52 05/06/2023 Xem bảng tỷ giá hối đoái

Luxury giant LVMH hits 400 billion euro in market value

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