The First European Firm to Reach a Market Value Exceeding Half a Trillion Dollars

French luxury goods maker LVMH has become the first European company with a market capitalization of more than half a trillion dollars, thanks to a record stock price surge.

And according to the results of trading, it rose by 0.11% to 902.11 euros, and at the last session the shares recorded 904.60 euros.

Earlier this month, the French company announced that its sales were up 17% year-on-year in the first quarter of this year, pushing the stock to a new all-time high.

Source: Prime

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