Growth in Market Capitalization 

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By Dr Rawle Lucas  

Four stocks in the Lucas Stock Index (LSI) traded this third week of June 2021 with three of them doing so at no gain.  The market capitalisation of the index grew 3.41 percent as RBL asserted itself as the stock with the leading value in the LSI with a robust 11.11 percent growth in its stock price.  The only bank stock to trade this week, RBL saw its stock price move from G$450 to G$500 while selling 787 shares.

This leap in price was good news for persons holding RBL stocks since the market value of the company would have increased by G$14 billion.  The market capitalization of the nine stocks in the LSI stood at G$435.202 billion at the close of trading this week.  The manufacturing companies, whose stocks were active, accounted for G$173.082 billion or 40 percent of the market cap while the bank, whose stock was active, accounted for G$143.406 billion or 33 percent of the market value.

In an effort to give readers more information about the size of companies in the index, the stocks of companies will be classified henceforth by market capitalisation.  The stocks of companies with a market capitalisation of more than G$100 billion will be classified as large-cap stocks.  The stocks of companies with a market capitalization from G$50 billion to G$100 billion will be classified as mid-cap stocks.  Those with a market capitalisation greater than G$10 billion but less than G$50 billion will be classified as small-cap stocks.  For the companies whose market capitalisation is G$10 billion and below, their stocks will be classified as micro-cap stocks.


Tax Advantage of Stock Trades

Stock trades this week continued to advance the tax benefits of investors who sold stocks. The stocks of the four companies traded in the third week of June would have resulted in an estimated G$7.9 million in tax savings. DIH accounted for 99 percent of the stocks traded this week. The remaining three companies accounted for one percent of the traded stocks. Persons selling DIH stocks would have enjoyed 98 percent of the tax benefits that were gained this week. The 25 trading periods for the year have brought stock traders an estimated G$245 million in tax savings already.

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