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

08-06-2023 07:58:06 (UTC+7)

EUR/USD

1.0709

+0.0010 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (2)

EUR/USD

1.0709

+0.0010 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (2)

GBP/USD

1.2449

+0.0010 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

USD/JPY

139.94

-0.19 (-0.14%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (1)

AUD/USD

0.6664

+0.0012 (+0.18%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

USD/CAD

1.3359

-0.0011 (-0.08%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/JPY

149.86

-0.07 (-0.05%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (1)

EUR/CHF

0.9736

-0.0002 (-0.02%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (6)

Sell (1)

Gold Futures

1,960.35

+1.95 (+0.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Silver Futures

23.602

+0.073 (+0.31%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Copper Futures

3.7563

+0.0008 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (11)

Sell (0)

Crude Oil WTI Futures

72.52

-0.01 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

76.89

+0.11 (+0.14%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

Natural Gas Futures

2.324

-0.007 (-0.30%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

US Coffee C Futures

186.10

+3.50 (+1.92%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (0)

Euro Stoxx 50

4,291.91

-3.31 (-0.08%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (5)

S&P 500

4,267.52

-16.33 (-0.38%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (4)

DAX

15,960.56

-31.88 (-0.20%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (4)

FTSE 100

7,624.34

-3.76 (-0.05%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (5)

Hang Seng

19,252.00

+152.72 (+0.80%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (6)

US Small Cap 2000

1,891.11

+35.71 (+1.92%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

IBEX 35

9,359.80

+49.00 (+0.53%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

BASF SE NA O.N.

46.450

-0.310 (-0.66%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (0)

Bayer AG NA

52.13

-0.15 (-0.29%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (7)

Sell (0)

Allianz SE VNA O.N.

208.85

-1.65 (-0.78%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (2)

Sell (7)

Adidas AG

159.26

-0.42 (-0.26%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Deutsche Lufthansa AG

9.133

-0.008 (-0.09%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (0)

Siemens AG Class N

158.46

+0.10 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (2)

Deutsche Bank AG

9.812

+0.028 (+0.29%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (3)

EUR/USD	1.0709	↑ Buy
GBP/USD	1.2449	↑ Buy
USD/JPY	139.94	↑ Buy
AUD/USD	0.6664	↑ Buy
USD/CAD	1.3359	↑ Sell
EUR/JPY	149.86	↑ Buy
EUR/CHF	0.9736	Neutral

Gold	1,960.35	↑ Buy
Silver	23.602	↑ Buy
Copper	3.7563	↑ Buy
Crude Oil WTI	72.52	↑ Buy
Brent Oil	76.89	↑ Buy
Natural Gas	2.324	↑ Sell
US Coffee C	186.10	Buy

Euro Stoxx 50	4,291.91	↑ Sell
S&P 500	4,267.52	↑ Sell
DAX	15,960.56	↑ Sell
FTSE 100	7,624.34	Sell
Hang Seng	19,252.00	↑ Sell
Small Cap 2000	1,891.11	↑ Buy
IBEX 35	9,359.80	↑ Sell

BASF	46.450	↑ Buy
Bayer	52.13	Neutral
Allianz	208.85	Neutral
Adidas	159.26	Buy
Lufthansa	9.133	↑ Buy
Siemens AG	158.46	↑ Buy
Deutsche Bank AG	9.812	Buy

Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG
SJC Eximbank	6,645/ 6,685 (0/ 0) # 1,090
SJC HCM	6,645/ 6,705 (0/ 0) # 1,111
SJC Hanoi	6,645/ 6,707 (0/ 0) # 1,113
SJC Danang	6,645/ 6,707 (0/ 0) # 1,113
SJC Nhatrang	6,645/ 6,707 (0/ 0) # 1,113
SJC Cantho	6,645/ 6,707 (0/ 0) # 1,113
Cập nhật 08-06-2023 07:58:08
Xem lịch sử giá vàng SJC: nhấn đây!

ↀ Giá vàng thế giới
$1,945.80	-17.51	-0.89%

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	$72.56	+0.52	0.01%
Brent	$76.80	+0.37	0.00%

$ Tỷ giá Vietcombank
Ngoại tệ	Mua vào	Bán ra
USD	23.290,00	23.660,00
EUR	24.488,84	25.860,06
GBP	28.452,83	29.666,05
JPY	163,88	173,50
KRW	15,64	19,05
Cập nhật lúc 07:45:11 08/06/2023 Xem bảng tỷ giá hối đoái

Luxury giant LVMH hits 400 billion euro in market value

Related products