Thursday, August 11, 2022
Village Voice News
ADVERTISEMENT
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • For Your Attention
    • Hindsight
    • Lincoln Lewis Speaks
    • In the village
    • Mind Your Business
    • Mark’s Take
    • Future Notes
    • Children & Youth
    • Bad & Bold
    • The Voice of Labour
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Jacobs On Agriculture
    • Book Review 
    • My Turn Guyana
    • The Herbal Section
    • ECHO
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • For Your Attention
    • Hindsight
    • Lincoln Lewis Speaks
    • In the village
    • Mind Your Business
    • Mark’s Take
    • Future Notes
    • Children & Youth
    • Bad & Bold
    • The Voice of Labour
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Jacobs On Agriculture
    • Book Review 
    • My Turn Guyana
    • The Herbal Section
    • ECHO
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
Village Voice News
No Result
View All Result
Home Columns

Growth in Market Capitalisation 

Staff Reporter by Staff Reporter
July 11, 2021
in Columns, Weekly Business Voice
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Support Village Voice News With a Donation of Your Choice.

By Rawle Lucas  

Five stocks in the Lucas Stock Index (LSI) traded this first week of July 2021 with two of them registering gains and three recording no gain. The stock price of DBL rose 50 percent and pushed the capitalisation of the company to G$67.5 billion and the stock into the mid-cap category. DDL, on the other hand, registered a marginal gain that increased its market capitalisation to G$94.157 billion.  

READ ALSO

‘The PPP now knows’ 

African Guyanese demand equitable distribution of the nation’s patrimony

These two stocks enabled the index to grow 5.187 percent, its largest weekly growth for the year. The market capitalisation of the nine stocks in the LSI stood at G$457,777 billion at the close of trading this week. The active and inactive stocks of the manufacturing companies account for G$179.350 billion or 39 percent of the market cap while the active and inactive stocks of the banks account for G$248.592 billion or 54 percent of the market value. 

Stocks in the index are now being classified by the size of their market capitalisation and are displayed in tabular form below. With DBL migrating to the mid-cap category, more than 50 percent of the value of the LSI now lies in the mid-cap range. 

Advertisement

Tax Advantage of Stock Trades 

Stock trades this week continued to advance the tax benefits of investors who sold stocks. The stocks of the five companies that were traded in the first week of July have resulted in an additional estimated G$4.39 million in tax savings. DBL and RBL accounted for nearly 88 percent of the stocks traded this week. Sellers of bank stocks would have enjoyed 90 percent of this week’s tax savings. DBL stocks gained 67 percent of the savings while RBL stocks gained 23 percent. The sellers of the usually prolific DIH stocks would have gained a mere three percent of the tax benefits. With 27 weeks of trading gone, the tax gains for investors have amounted to an estimated G$254.801 million.



Support Village Voice News With a Donation of Your Choice



ShareTweetSendShareSend

Related Posts

Future Notes

‘The PPP now knows’ 

by Staff Writer
August 9, 2022

Like many autocratic regimes, simply because it ‘won’ supposedly free and fair elections, the PPP would like to consider itself...

Read more
The Crosshair

African Guyanese demand equitable distribution of the nation’s patrimony

by Staff Writer
August 7, 2022

Without a doubt, Guyana, with its vast resources, and jocularly tabbed “Little Dubai,” because of its recent oil discovery, is...

Read more
Google Photo
The Herbal Section

Crab Oil (Andiroba)

by Staff Writer
August 7, 2022

Andiroba is a plant. The bark and leaf, as well as oil from the fruit and the seed, are used...

Read more
Next Post

Government should take blame for vaccine hesitancy

POPULAR NEWS

No Content Available

EDITOR'S PICK

The letting down of womanhood in the National Assembly  

March 16, 2021

Afghanistan: Deadly attack hits Kunduz mosque during Friday prayers

October 8, 2021
Miami Dolphins head coach Brian Flores runs off the field after winning the game against the New York Jets at Hard Rock Stadium. Mandatory Credit: Sam Navarro-USA TODAY Sports/File Photo

Progress on head-coach diversity ‘unacceptable’, NFL commissioner Goodell tells teams

February 6, 2022
The result of the fire at Singh’s Electronics. In the photo are the two holes firegithers carved into the roller shutter doors of the building. (Lisa Hamilton photo)

‘No form of legal electricity’ where Regent St. Fire Started – Fire Chief

November 9, 2020

© 2021 Village Voice | Developed by Ink Creative Agency

No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • For Your Attention
    • Hindsight
    • Lincoln Lewis Speaks
    • In the village
    • Mind Your Business
    • Mark’s Take
    • Future Notes
    • Children & Youth
    • Bad & Bold
    • The Voice of Labour
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Jacobs On Agriculture
    • Book Review 
    • My Turn Guyana
    • The Herbal Section
    • ECHO
  • Education & Technology
  • E-Paper
  • Contact Us

© 2021 Village Voice | Developed by Ink Creative Agency