Market value of top companies in 2018
January 3 , 2019 | Investopaper
The year 2018 was full of ups and downs for the global stock market. The US-China trade war hugely affected both the US and Asian Markets. The market lost billions of amount in share value this year. The only respite for the investors is that now the turbulent year 2018 is over and this year 2019 is expected to come as a dawn to their worries.
To see the clear picture of 2018 stock performance, the following table shows the market value of the big companies at the start of the year 2018 and the beginning of 2019 i.e. January 2 2019.
As shown in the table, Samsung Electronics lost 29.52% of market value since May 11 2018. This is become of the under performance of sales of Samsung mobiles lately. Similarly, Apple, which has been ruling the stock market since 2010, could not retain its top position. It has lost 20% in its market value since the start of the year 2018. The reason behind Apple’s fall was their investors concerned about iPhone demand while Microsoft benefited from growth in cloud computing. Microsoft market value increased by 15.72%. Hit by the number of scandals related to its treatment of users privacy and handling of their data, Facebook has lost more than 25% in its share value in 2018. Similarly, Chinese multinationals Alibaba and Tencent Holdings have also faced huge loss in share value. Amazongained 27.88% in market value this year which is the most for the top companies.
With US-China both set to end the trade war this year, let us hope the stock market will bounce back this year. S&P 500 has fallen more than 6% in 2018. Dow Jones fell 5.6% and Nasdaq fell 4% as the year marked one of the worst years in decade. Asian markets also tumbled this year due to trade war.
