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...

Be the first to review this topic.

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)

Related products

APPROVED BROKERS

01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

GBP/USD

1.2475

-0.0015 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

Sell (3)

USD/CAD

1.3780

+0.0003 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/JPY

168.32

+0.10 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

0.9808

+0.0001 (+0.01%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (2)

Gold Futures

2,295.80

-7.10 (-0.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Silver Futures

26.677

+0.023 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Copper Futures

4.5305

-0.0105 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

Crude Oil WTI Futures

81.14

-0.79 (-0.96%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Brent Oil Futures

85.62

-0.71 (-0.82%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Natural Gas Futures

1.946

-0.009 (-0.46%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

US Coffee C Futures

213.73

-13.77 (-6.05%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (10)

Euro Stoxx 50

4,920.55

-60.54 (-1.22%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

S&P 500

5,035.69

-80.48 (-1.57%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

DAX

17,921.95

-196.37 (-1.08%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

FTSE 100

8,144.13

-2.90 (-0.04%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (4)

Hang Seng

17,763.03

+16.12 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

US Small Cap 2000

1,973.05

-42.98 (-2.13%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

IBEX 35

10,854.40

-246.40 (-2.22%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (3)

BASF SE NA O.N.

49.155

+0.100 (+0.20%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Bayer AG NA

27.35

-0.24 (-0.87%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Allianz SE VNA O.N.

266.60

+0.30 (+0.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (5)

Adidas AG

226.40

-5.90 (-2.54%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (7)

Deutsche Lufthansa AG

6.714

-0.028 (-0.42%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (9)

Sell (1)

Siemens AG Class N

175.90

-1.74 (-0.98%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Deutsche Bank AG

15.010

-0.094 (-0.62%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (6)

Sell (2)

EUR/USD	1.0658	↑ Sell
GBP/USD	1.2475	↑ Sell
USD/JPY	157.91	↑ Buy
AUD/USD	0.6469	Neutral
USD/CAD	1.3780	↑ Buy
EUR/JPY	168.32	↑ Buy
EUR/CHF	0.9808	Neutral

Gold	2,295.80	↑ Sell
Silver	26.677	↑ Sell
Copper	4.5305	↑ Buy
Crude Oil WTI	81.14	↑ Sell
Brent Oil	85.62	↑ Sell
Natural Gas	1.946	↑ Sell
US Coffee C	213.73	↑ Sell

Euro Stoxx 50	4,920.55	↑ Sell
S&P 500	5,035.69	↑ Sell
DAX	17,921.95	↑ Sell
FTSE 100	8,144.13	Sell
Hang Seng	17,763.03	↑ Sell
Small Cap 2000	1,973.05	↑ Sell
IBEX 35	10,854.40	Neutral

BASF	49.155	↑ Sell
Bayer	27.35	↑ Sell
Allianz	266.60	↑ Sell
Adidas	226.40	↑ Sell
Lufthansa	6.714	Neutral
Siemens AG	175.90	↑ Sell
Deutsche Bank AG	15.010	Neutral

Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG
SJC Eximbank	8,300/ 8,500 (8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG	8,300/ 8,520 (0/ 0) # 1,510
SJC 1c, 2c, 5c	7,380/ 7,550 (0/ 0) # 540
SJC 0,5c	7,380/ 7,560 (0/ 0) # 550
SJC 99,99%	7,370/ 7,470 (0/ 0) # 460
SJC 99%	7,196/ 7,396 (0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
Xem lịch sử giá vàng SJC: nhấn đây!

ↀ Giá vàng thế giới
$2,285.72	-47.5	-2.04%

ʘ Giá bán lẻ xăng dầu
Sản phẩm	Vùng 1	Vùng 2
RON 95-V	25.440	25.940
RON 95-III	24.910	25.400
E5 RON 92-II	23.910	24.380
DO 0.05S	20.710	21.120
DO 0,001S-V	21.320	21.740
Dầu hỏa 2-K	20.680	21.090

ↂ Giá dầu thô thế giới
WTI	$80.83	+3.39	0.04%
Brent	$85.50	+3.86	0.05%

$ Tỷ giá Vietcombank
Ngoại tệ	Mua vào	Bán ra
USD	25.088,00	25.458,00
EUR	26.475,36	27.949,19
GBP	30.873,52	32.211,36
JPY	156,74	166,02
KRW	15,92	19,31
Cập nhật lúc 10:45:15 01/05/2024 Xem bảng tỷ giá hối đoái

Luxury giant LVMH hits 400 billion euro in market value

Related products