Berkshire Hathaway: Class A Shares Close Above $500,000 for the First Time

Berkshire Hathaway (#BerkshireHatha)

Amid the Fed’s major policy shifts and the geopolitical conflict between Russia and the West, Berkshire’s Class A shares yesterday closed at a new record high above half a million dollars for the first time, at $504,036 (+1.18% on Wednesday and +11.84% year on year), after failing to support its closing price above $500,000 on Tuesday. The company’s market capitalization now sits at #7 at $738.11 billion, according to the rankings on companiesmarketcap.com.

The new record high for Berkshire shares on Wednesday came after a sharp rally in Asian stock markets as the Chinese government signaled relaxation of control over the business sector, which also supported the economy by stabilizing the Chinese stock market, including Chinese companies registered overseas. As a result, the Hang Seng Index closed more than 9%, its highest in 14 years, led by Chinese tech stocks Alibaba which closed +36.76%, Baidu +39.2%, JD.Com +39.36% and Pinduoduo +56.06%.

Of its technology companies holdings, Apple represents up to 47.6% of the Berkshire portfolio. The benchmark index rose 2.9%, while the Nasdaq closed up 3.77% amid the Fed’s major interest rate hike, with Chairman Powell pledging that the Fed’s rate hike would not hurt its economic recovery despite signaling six more interest rate hikes to follow this year.

Berkshire Hathaway: Class B

While the highly Berkshire’s Class A stocks are targeted by long-term investors, the average investor also has access to the more affordable Berkshire shares, i.e. Class B, which were created in 1996 and now trade around $336 per share (which sees support at $325 and resistance at 161.8 Fibo at $341.50). Overall It was a good year for the company, as the share price continues to set new records in a year of stock market downturn in the face of aggressive policy action from the central bank and geopolitical conflicts.

Click here to access our Economic Calendar

Chayut Vachirathanakit
Market Analyst – HF Educational Office – Thailand

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distribution.