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This Article is From Jul 04, 2016

Brexit Impact: FTSE 100’s Market Capitalisation Loss Equals GDP of Two Countries

London Stock Exchange’s benchmark index lost $143. 6 billion in market cap equivalent to Kenya and Sri Lanka’s GDP in 2015.

Brexit Impact:  FTSE 100’s Market Capitalisation  Loss Equals GDP of Two Countries
Exchange staff look at financial data on computer screens on the trading floor of Bats Europe. (Photographer: Jason Alden/Bloomberg)

The FTSE 100, a benchmark index of 100 companies listed on the London Stock Exchange, lost $143. 6 billion in market capitalisation over two trading sessions, on June 24 and 27. The loss is equal to the combined 2015 gross domestic product (GDP) of Sri Lanka and Kenya.

On June 24, the United Kingdom voted to ‘Leave' the European Union. Brexit, as the vote has been commonly referred to, has caused substantial volatility across global markets.

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