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Top 72 Exchanges by Market Capitalization TradingHours.com

Market Capitalization (or Market Cap) is the total number of outstanding shares times the value of each share. Market Cap can refer to an entire stock exchange or an individual stock.

For example, Amazon's stock (AMZN), listed on the NASDAQ, has 492,332,000 outstanding shares priced at nearly $2,000 per share (as of July 2019). This means Amazon's Market Cap is:

492,332,000 shares x $2,000 per share = $984.664 Billion Market Cap

The market cap for the NASDAQ is even higher. The market cap for the NASDAQ is the sum of the market caps for all listed companies on that exchange. There are more than 3,000 companies listed on the NASDAQ. As shown in the table above, NASDAQ's market cap is $12,460,028,050,000 ($12.46 trillion).

List of Stock Exchange By Market Capitalization

Last Updated:

RankExchange Country Market Cap (USD)
1 NYSE
United States
$15.54 Trillion
2 Nasdaq - US
United States
$12.46 Trillion
4 Japan Exchange Group
Japan
$5.37 Trillion
5 Shanghai Stock Exchange
China
$4.93 Trillion
6 Hong Kong Exchanges and Clearing
Hong Kong
$4.63 Trillion
7 Euronext
Netherlands
$4.4 Trillion
3 LSE Group
United Kingdom
$3.62 Trillion
8 Shenzhen Stock Exchange
China
$3.55 Trillion
58 Saudi Stock Exchange (Tadawul)
Saudi Arabia
$2.25 Trillion
9 TMX Group
Canada
$2.23 Trillion
10 BSE India Limited
India
$2.05 Trillion
20 Deutsche Boerse AG
Germany
$1.86 Trillion
12 SIX Swiss Exchange
Switzerland
$1.64 Trillion
13 ASX Australian Securities Exchange
Australia
$1.32 Trillion
14 Korea Exchange
South Korea
$1.32 Trillion
18 Taiwan Stock Exchange
Taiwan
$1.12 Trillion
19 B3 - Brasil Bolsa Balcão
Brazil
$1.03 Trillion
16 Johannesburg Stock Exchange
South Africa
$897.96 Billion
107 BME Spanish Exchanges
Spain
$725.01 Billion
53 Moscow Exchange
Russia
$698.21 Billion
39 Singapore Exchange
Singapore
$657.58 Billion
40 The Stock Exchange of Thailand
Thailand
$538.16 Billion
32 Indonesia Stock Exchange
Indonesia
$446.94 Billion
60 Tehran Stock Exchange
Iran
$430.03 Billion
26 Bolsa Mexicana de Valores
Mexico
$381.71 Billion
21 Bursa Malaysia
Malaysia
$366.71 Billion
55 Oslo Bors
Norway
$295.55 Billion
38 Philippine Stock Exchange
Philippines
$240.7 Billion
61 Tel-Aviv Stock Exchange
Israel
$227.98 Billion
44 Borsa Istanbul
Turkey
$184.44 Billion
23 Bolsa de Comercio de Santiago
Chile
$171.5 Billion
57 Qatar Stock Exchange
Qatar
$160.05 Billion
41 Abu Dhabi Securities Exchange
United Arab Emirates
$142.83 Billion
31 Hochiminh Stock Exchange
Vietnam
$130.11 Billion
63 Warsaw Stock Exchange
Poland
$126.84 Billion
24 Bolsa de Valores de Colombia
Colombia
$118.32 Billion
37 NZX Limited
New Zealand
$107.88 Billion
90 Taipei Exchange
Taiwan
$107.23 Billion
48 Dubai Financial Market
United Arab Emirates
$99.69 Billion
25 Bolsa de Valores de Lima
Perú
$94.78 Billion
154 Iran Fara Bourse Securities Exchange
Iran
$91.87 Billion
45 Bourse de Casablanca
Morocco
$52.34 Billion
54 Nigerian Stock Exchange
Nigeria
$46.28 Billion
49 The Egyptian Exchange
Egypt
$41.46 Billion
51 Kazakhstan Stock Exchange
Kazakhstan
$40.78 Billion
52 Luxembourg Stock Exchange
Luxembourg
$38.02 Billion
30 Dhaka Stock Exchange
Bangladesh
$33.5 Billion
28 Chittagong Stock Exchange
Bangladesh
$31.85 Billion
47 Budapest Stock Exchange
Hungary
$27.8 Billion
70 Bahrain Bourse
Bahrain
$27.73 Billion
46 Bucharest Stock Exchange
Romania
$22.93 Billion
65 Zagreb Stock Exchange
Croatia
$21.72 Billion
42 Amman Stock Exchange
Jordan
$20.62 Billion
144 Bolsa de Valores de Panama
Panama
$17.61 Billion
104 Muscat Securities Market
Oman
$17.52 Billion
22 Jamaica Stock Exchange
Jamaica
$14.41 Billion
29 Colombo Stock Exchange
Sri Lanka
$14.4 Billion
135 Tunis Stock Exchange
Tunisia
$8.34 Billion
77 Ljubljana Stock Exchange
France
$7.63 Billion
69 Hanoi Stock Exchange
Vietnam
$7.58 Billion
153 BRVM
Ivory Coast
$7.3 Billion
59 Stock Exchange of Mauritius
Mauritius
$6.26 Billion
71 Beirut Stock Exchange
Lebanon
$6.22 Billion
66 Malta Stock Exchange
Malta
$5.17 Billion
101 Cyprus Stock Exchange
Cyprus
$4.28 Billion
62 Ukrainian Exchange
Ukraine
$3.99 Billion
56 Palestine Exchange
Palestine
$3.6 Billion
134 Botswana Stock Exchange
Botswana
$3.59 Billion
67 Barbados Stock Exchange
Barbados
$3.41 Billion
68 Bermuda Stock Exchange
Bermuda
$2.63 Billion
132 Namibian Stock Exchange
Namibia
$2.43 Billion
148 Bolsa Nacional de Valores
Costa Rica
$2.3 Billion

Total Market Capitalization: $77,301,029,550,000 ($77.3 trillion)

Data Source

Data provided by the World Federalization of Exchanges (WFE).

Important Notes

  1. Markets caps exclude investment funds except where noted below.
  2. Includes alternative and SME Markets.
  3. Australian Securities Exchange market cap includes investment funds.
  4. Borsa Istanbul Exchange market cap includes investment funds.
  5. BME Spanish Exchanges includes investment companies listed (open-end investment companies) which are differ from investment funds.
  6. Bolsa de Valores de Lima (Peru) includes 26 foreign companies with shares negotiated under a special modality.
  7. Euronext figure includes Belgium, England, France, Netherlands and Portugal.
  8. Johannesburg Stock Exchange figures include the market capitalization of all listed companies, but exclude listed warrants, convertibles and investment funds.
  9. Korea Exchange includes KOSDAQ listed companies.
  10. LSE Group includes London Stock Exchange and Borsa Italiana.
  11. NASDAQ Nordic include Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius Stock Exchanges.
  12. NSE India includes "Emerge" market data.
  13. Singapore Exchange market capitalization includes domestic listings and a substantial number of foreign listings, defined as companies whose principal place of business is outside of Singapore.
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