In this text, we’ll look into the 30 largest inventory exchanges on the planet. If you wish to skip our detailed evaluation you’ll be able to go on to the ten Largest Stock Exchanges within the World.
Global Stock Market Outlook 2024 and Top Performers
According to the April problem of the World Federation of Exchanges (WFE), the worldwide inventory market valuation, outlined because the market cap of all listed firms throughout the globe, reached $111.85 trillion in February 2024, recording a reasonable development of 1.48%. As of February 2024, there are 54,625 complete home and overseas listed firms within the international inventory market. In February, buying and selling exercise confirmed sturdy development, with the variety of trades reaching over 4.34 trillion.
On April 1, Forbes reported that the US inventory market skilled a powerful first quarter in 2024. In March, the S&P 500 recorded complete returns of three.2%, pushed by the optimistic outlook of the economic system. The Dow Jones Industrial Average grew by 6.1% and NASDAQ grew by over 9.3% within the first quarter of 2024. Sectors together with know-how, shopper cyclical, and shopper defensive fueled the market development within the first quarter, producing complete returns of over 8% or extra, every.
Among the best-performing S&P 500 shares for the quarter, the main AI server manufacturing firm, Super Micro Computer, Inc. (NASDAQ:SMCI) exhibited sturdy efficiency and led the market by a considerable margin, recording a 255% year-to-date enhance. Super Micro Computer, Inc. (NASDAQ:SMCI) has recorded a noteworthy return of 502% because the begin of 2023. Another main firm manufacturing AI chips, NVIDIA Corporation (NASDAQ:NVDA) has maintained its sturdy development in 2024 up to now, after being the top-performing S&P 500 inventory of 2023. The firm’s market cap reached $2.29 trillion within the first quarter of 2024. This might be attributed to a year-to-date surge of 82% and a 321% enhance because the starting of 2023 in NVIDIA Corporation’s (NASDAQ:NVDA) shares. Super Micro Computer, Inc. (NASDAQ:SMCI) and NVIDIA Corporation (NASDAQ:NVDA) are additionally among the many 10 unstoppable tech shares to purchase now.
NVIDIA Corporation (NASDAQ:NVDA) is making large strikes in AI and buyers and analysts are bullish on the inventory. Over the previous 3 months, the inventory has obtained 39 Buy rankings from Wall Street analysts. Its common value goal of $989.5 represents an upside of 15% from present ranges. As of April 5, the inventory has returned over 215% over the previous 12 months. Here is what Palm Valley Capital Fund stated about NVIDIA Corporation (NASDAQ:NVDA) in its first quarter 2024 investor letter:
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“Such beguiling prognostications are indigenous to Wall Street—the largest showcase of all of them. The ferocious march larger of NVIDIA Corporation (NASDAQ:NVDA)’s inventory on expectations of its continued dominance in synthetic intelligence (AI) chips may even confound the galley slavedriver in Ben-Hur. Ramming pace!
Nvidia’s share value appears to suggest the agency will quickly management practically your entire international semiconductor market (over half a trillion in gross sales vs. Nvidia’s present $60 billion) whereas sustaining an working margin of 54%—unprecedented for a {hardware} firm. Leading {hardware} companies not often retain their supremacy ceaselessly: IBM, Hewlett Packard, Digital Equipment Corporation, Intel, and Cisco all fell from their storied perches…”
Analysts are additionally bullish on Super Micro Computer, Inc. (NASDAQ:SMCI). On March 25, Northland Capital Markets analyst Nehal Chokshi raised the value goal on Super Micro Computer, Inc. (NASDAQ:SMCI) to $1,300 from $925 and maintained an Outperform ranking. Over the previous 3 months, the inventory has obtained 7 Buy rankings from Wall Street analysts. Here is what ClearBridge Investments needed to say about Super Micro Computer, Inc. (NASDAQ:SMCI) in its first quarter 2024 investor letter:
“While giant cap benchmarks get plenty of consideration for a handful of mega cap shares driving the lion’s share of efficiency, we’d spotlight much more excessive and unprecedented focus in small cap benchmarks. Year to this point, one inventory, Super Micro Computer, Inc.(NASDAQ:SMCI) has pushed 37% of the return of the benchmark.
Currently, SMCI is the biggest constituent by weight in our benchmark, and it peaked at over 4.5%, representing the biggest particular person safety weight in a month-to-month dataset going again to 1985. That represented a weighting 83% larger than the second-largest weight (from 1999). Moreover, MicroStrategy at its peak this previous quarter would have represented the fourth-largest safety within the 38 years of the month-to-month dataset. We are hard-pressed to recall one other occasion the place the biggest constituent of our benchmark was additionally added to the S&P 500, as SMCI was this March. We would observe that SMCI at present is a $61 billion market capitalization firm and MicroStrategy boasts a market capitalization of $28 billion, each effectively above the $6.8 billion weighted common market cap of the Strategy.
Enthusiasm for AI and bitcoin have fueled this atypical focus and efficiency distortion. Bitcoin rallied quick and furiously following the SEC’s approval of the primary bitcoin ETF in early January, whereas the AI infrastructure build-out has had a slim set of beneficiaries. Against this backdrop, the ClearBridge Small Cap Growth Strategy underperformed its benchmark. We are disenchanted by this outcome, though 79% of the relative underperformance was as a consequence of not proudly owning these two giant benchmark holdings, which have elementary and governance elements which have precipitated us, as long-term buyers targeted on high quality sustainable development tales, to keep away from them.”
You can even have a look at the ten AI Stocks That Will Skyrocket and 11 Stocks That Will Profit From AI Evolution.
European Stocks Tumble After Strong Q1
On April 5, Reuters reported that the European market witnessed a big decline after a powerful first quarter, amid hawkish feedback from a US Federal Reserve official, reversing the bullish sentiment that led to positive aspects within the first quarter of 2024.
“Maybe the dynamics that now we have proper now are literally sustainable. But, you recognize, there are plenty of ifs underlying that query and that speculation or that situation that I simply articulated. So we have to see what finally occurs with each the labor market and with inflation. Our twin mandate finally is what drives our price path.”
The thought floated by the Fed official doused hopes for rate of interest cuts and led to the stumbling of European shares on April 5. The STOXX Europe 600 (.STOXX) declined 1.2% and reached its lowest since mid-October 2023. Benchmark indices throughout the foremost European nations together with DAX Performance Index, FTSE MIB Index (.FTMIB), and IBEX 35 (.IBEX), declined by over 1% every.
The drop can be attributed to the continued Middle East disaster. The enhance in Brent crude costs and the suspicions relating to provide disruption, led to a 1.8% drop within the journey and leisure shares, the STOXX 600 Travel & Leisure PR Index (.SXTP), adopted by a decline of round 1% and extra in different indices and shares.
Increased Foreign Capital and Investments in Asian Stocks
The impression of the Fed official’s remarks about no price cuts, led to main declines within the Asian inventory market. However, the primary quarter of 2024 introduced a fantastic outlook for the inventory market within the area. On April 5, Reuters reported that Asian shares surged in March, pushed by the elevated traction from overseas buyers. The quarter was recorded as the very best for overseas investments over the previous three years, fueled by expectations of relaxed financial insurance policies and financial development within the area, particularly China. According to the inventory change knowledge throughout India, South Korea, Indonesia, Taiwan, Philippines, Thailand, and Vietnam, overseas buyers purchased a complete of $8.53 billion of regional equities in March. The complete influx for the quarter reached $18.57 billion, recording the best investments since December 2020.
Now that now we have mentioned the inventory market outlook for 2024 and talked in regards to the main markets, let’s take a look on the 30 largest inventory exchanges on the planet.
30 Largest Stock Exchanges within the World
Photo by Pascal Bernardon on Unsplash
Methodology
To compile our checklist of the 30 largest inventory exchanges on the planet, we utilized the World Federation of Exchanges (WFE) market statistics for inventory exchanges. We started our analysis by wanting on the 2022 annual market statistics knowledge to find out the foremost inventory exchanges on the planet. This offered us with an inventory of 87 inventory exchanges. We then shortlisted the highest inventory exchanges primarily based on the 2022 submitting’s knowledge. After that, we sourced the most recent market capitalization of the shortlisted exchanges from WFE. Our checklist ranks the 30 largest inventory exchanges on the planet in ascending order of their home market capitalization of listed firms, as of February 2024.
Please observe that for the London Stock Exchange, the most recent accessible market capitalization knowledge was for September 2023, and subsequently now we have cited that.
30 Largest Stock Exchanges within the World
30. Iran Fara Bourse Securities Exchange
Market Capitalization as of February 2024: $323.14 billion
Market Identifier Code: IFBX
Iran Fara Bourse Securities Exchange is ranked among the many largest inventory exchanges on the planet. It is headquartered in Tehran, and is the biggest debt market and the second largest inventory market in Iran. As of February 2024, the inventory change has a market capitalization of $323.14 billion. The complete variety of listed firms on the change reached 195 in February 2024, recording an over 12% enhance from February 2023.
29. Bursa Malaysia
Market Capitalization as of February 2024: $384.85 billion
Market Identifier Code: XKLS
Bursa Malaysia is an change holding firm in Malaysia that owns the Bursa Malaysia Stock Exchange, beforehand often known as the Kuala Lumpur Stock Exchange. It was integrated in 1976 and is likely one of the largest bourses within the ASEAN area. It operates a multi-asset change, offering a variety of capital elevating, funding, and change services. It tracks 13 key indices corresponding to shopper merchandise, monetary companies, and know-how, amongst others. Some of essentially the most energetic shares listed on the Bursa Malaysia change embrace Velesto Energy Bhd (KLSE:VELESTO), Dagang Nexchange Bhd (KLSE:DNEX), and RGB International Bhd (KLSE:RGB).
28. Borsa Istanbul
Market Capitalization as of February 2024: $398.01 billion
Market Identifier Code: XIST
Incorporated in Istanbul, Borsa Istanbul is the only inventory change in Istanbul, regulated by the Capital Markets Board of Turkiye. It has 522 home and overseas listed firms, as of February 2024. Koc Holding AS (IST:KCHOL), Qnb Finansbank AS (IST:QNBFB), and Turkiye Petrol Rafinerileri AS (IST:TUPRS) are among the outstanding shares available in the market. The inventory change has a market valuation of $398.01 billion, as of February 2024.
27. The Stock Exchange of Thailand
Market Capitalization as of February 2024: $483.21 billion
Market Identifier Code: XBKK
The Stock Exchange of Thailand started buying and selling in 1975. It was the second established capital market in Thailand after Bangkok Stock Exchange Co., Ltd., which ceased operations in 1970. As of April 5, the inventory change has a complete traded quantity of 384,054,000 shares. The inventory conducts two buying and selling periods inside its buying and selling hours of 9:30 AM to five:00 PM. As of February 2024, the inventory change has a market cap of $483.21 billion.
26. Bolsa Mexicana de Valores
Market Capitalization as of February 2024: $554.25 billion
Market Identifier Code: XMEX
Bolsa Mexicana de Valores is the Mexcian inventory change, operated by the corporate BMV Grupo which operates OTC markets for a number of property corresponding to equities, ETFs, and stuck earnings, amongst others. As of February 2024, the inventory change has a mixed home market capitalization of $554.25 billion. There are 136 home and overseas firms listed on Bolsa Mexicana de Valores. It is likely one of the largest inventory exchanges on the planet.
25. Singapore Exchange
Market Capitalization as of February 2024: $570.26 billion
Market Identifier Code: XSES
Singapore Exchange is likely one of the largest inventory exchanges in Asia. It is essentially the most worldwide multi-asset change within the area, with practically 40% overseas inventory and over 80% overseas bonds listed on it. As of February 2024, the inventory has 625 complete listed firms, with 217 overseas firms. Some of the largest firms in Singapore embrace DBS Group Holdings Ltd (SGX:D05), Singapore Telecommunications Ltd (SGX:275), and Singapore Technologies Engineering Ltd (SGX:S63), amongst others.
24. Moscow Exchange
Market Capitalization as of February 2024: $671.58 billion
Market Identifier Code: XMOS
Moscow Exchange is the biggest securities change group in Russia, regulated by the Central Bank of Russia The change was based in December 2011 and went public in 2013. Its securities market is open from 9:50 AM to 11:50 PM (Moscow Standard Time). As of February 2024, the change has a mixed home market capitalization of $671.58 billion.
23. BME Spanish Exchanges
Market Capitalization as of February 2024: $738.36 billion
Market Identifier Code: BMEX
BME Spanish Exchanges are the main inventory exchanges in Spain, operated by Bolsas y Mercados Españoles. These exchanges are primarily based in Bilbo, Barcelona, Madrid, and Valencia. As of February 2024, the change has 800 listed firms. Some of the largest Spanish firms embrace Iberdrola, S.A. (BME:IBE), Banco Santander, S.A. (BME:SAN), and Banco Bilbao Vizcaya Argentaria, S.A. (BME:BBVA). As of February 2024, the BME Spanish Exchanges have a market cap of $738.36 billion.
22. Indonesia Stock Exchange
Market Capitalization as of February 2024: $740.21 billion
Market Identifier Code: XIDX
21. Abu Dhabi Securities Exchange
Market Capitalization as of February 2024: $775.35 billion
Market Identifier Code: XADS
Abu Dhabi Securities Exchange is ranked twenty first on our checklist of the biggest inventory exchanges on the planet. Established in November 2000, the change has a complete of 100 home and overseas listed firms, as of February 2024. The inventory change has a market capitalization of $775.35 billion.
20. Johannesburg Stock Exchange
Market Capitalization as of February 2024: $917.70 billion
Market Identifier Code: XJSE
Johannesburg Stock Exchange is the inventory change of South Africa, primarily based in Johannesburg. It is the largest inventory market within the continent and has a market capitalization of $917.70 billion, as of February 2024. Some of the main firms listed on the change embrace FirstRand Ltd (JSE:FSR), Naspers Ltd (JSE:NPN), and Gold Fields Limited (JSE:GFI).
19. B3 – Brasil Bolsa Balcão
Market Capitalization as of February 2024: $977.21 billion
Market Identifier Code: BVMF
B3 – Brasil Bolsa Balcão is ranked nineteenth on our checklist. It is a Brazilian inventory change, primarily based in Sao Paulo. The shares listed on the change are tracked by indices together with Ibovespa, IBrX, and Itag, amongst others. It operates as an change and a set earnings and equities depository. As of February 2024, it has a market cap of $977.21 billion.
18. Tehran Stock Exchange
Market Capitalization as of February 2024: $1.60 trillion
Market Identifier Code: XTEH
The largest change in Iran, Tehran Stock Exchange can also be one of many largest inventory exchanges on the planet. There are 387 home firms listed on the change, as of February 2024. The home market capitalization of the change is $1.60 trillion.
17. ASX Australian Securities Exchange
Market Capitalization as of February 2024: $1.63 trillion
Market Identifier Code: XASX
ASX Australian Securities Exchange, operated by the inventory change firm ASX Limited (ASX:ASX), is the first securities change in Australia. As of February 2024, the change has over 1,900 home and 142 overseas listed firms. Headquartered in Sydney, ASX Australian Securities Exchange has a market cap of $1.63 trillion.
16. Taiwan Stock Exchange
Market Capitalization as of February 2024: $1.91 trillion
Market Identifier Code: XTAI
Based in Taipei, the Taiwan Stock Exchange or TWSE is the inventory change of Taiwan and operates with the market code, XTAI. The buying and selling hours of its centralized market are 9:00 AM to five:00 PM CST. The inventory change has a market cap of $1.91 trillion, as of February 2024. The main shares listed on the Taiwan Stock Exchange embrace Taiwan Semiconductor Manufacturing Co Ltd (TPE:2330), MediaTek Inc (TPE: 2454), and Quanta Computer Inc (TPE:2382).
15. Korea Exchange
Market Capitalization as of February 2024: $1.91 trillion
Market Identifier Code: XKRX
Korea Exchange, generally often known as KRX is the first inventory change of South Korea. The change has been contributing to the nation’s economic system since its institution in 1956. As of February 2024, it has a market cap of $1.91 trillion and has 2,570 listed firms.
14. SIX Swiss Exchange
Market Capitalization as of February 2024: $1.99 trillion
Market Identifier Code: XSWX
The SIX Swiss Exchange is the principal inventory change of Switzerland, headquartered in Zurich. It is likely one of the largest inventory markets in Europe. As of February 2024, there are 222 home firms listed on the inventory change. It is ranked 14th on our checklist.
13. Nasdaq Nordic and Baltic
Market Capitalization as of February 2024: $2.14 trillion
Market Identifier Code: XCSE, XHEL, XICE, XLIT, XRIS, XSTO, XTAL
Nasdaq Nordic and Baltic is a subsidiary of the main inventory change firm, Nasdaq. It is a joint European change, working markets of seven exchanges together with, Copenhagen, Finland, Helsinki, Iceland, Riga, Talin, and Vilnius. The change has a home market capitalization of $2.14 trillion, as of February 2024.
12. Deutsche Boerse AG
Market Capitalization as of February 2024: $2.22 trillion
Market Identifier Code: XFRA
Deutsche Boerse AG is the main inventory change firm, working the Frankfurt Stock Exchange, together with a clearing home. It is likely one of the oldest and largest inventory exchanges on the planet. Some of essentially the most worthwhile German firms listed on the change embrace Infineon Technologies AG (FRA:IFX), SAP SE (FRA:SAP), and Siemens AG (FRA:SIE). It is ranked twelfth on our checklist.
11. Saudi Stock Exchange (Tadawul)
Market Capitalization as of February 2024: $2.99 trillion
Market Identifier Code: XSAU
The Saudi Stock Exchange or Tadawul is ranked eleventh on our checklist of the biggest inventory exchanges on the planet. It is the one inventory change in Saudi Arabia, with 315 listed firms, as of February 2024. The inventory change has a home market capitalization of $2.99 trillion.
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Disclosure: None. 30 Largest Stock Exchanges within the World is initially printed on Insider Monkey.