Growth in Market Capitalization 

Support Village Voice News With a Donation of Your Choice.

By Rawle Lucas 

Four stocks in the Lucas Stock Index (LSI) traded this second week of July 2021 with two of them registering gains and two recording no gain.  The stock price of BTI rose 2.76 percent and added an additional G$800 million to the capitalization of the company.  DIH also added G$1 billion to its market capitalisation which now stands at G$80.000 billion.

The positive activities of BTI and DIH enabled the LSI to register growth this week of 0.39 percent.  The market capitalization of the nine stocks in the LSI therefore stood at G$459.577 billion at the close of trading this week.  The active and inactive stocks of the manufacturing companies account for G$180.350 billion or 39.242 percent of the market cap while the active and inactive stocks of the banks account for G$249.392 billion or 54.265 percent of the market value.

Stocks in the index are now being classified by the size of their market capitalization and are displayed in tabular form below.  The mid-cap stocks account for more than 53 percent of the value of the LSI while the large-cap stock accounts for 31 percent.  The small-cap stocks contribute 13 percent of the value of the LSI and the micro-cap stocks account for 3 percent.


Tax Advantage of Stock Trades 

Stock trades this week continued to advance the tax benefits of investors who sold stocks albeit at a slower pace than last week. The stocks of the four companies that were traded in the second week of July have resulted in an additional estimated G$1.295 million in tax savings. DIH accounted for 87.7 percent of the stocks traded this week. Sellers of bank stocks would have enjoyed 78 percent of this week’s tax savings while sellers of DDL stocks gained 17 percent of the savings. DTC stocks gained 4 percent of the tax savings. With 28 weeks of trading gone, the tax gains for investors have amounted to an estimated G$256.097 million. 

Support Village Voice News With a Donation of Your Choice

Next Post

Viewpoint | Free and unfettered press important to democracy

Sun Jul 18 , 2021
Support Village Voice News With a Donation of Your Choice. Freedom of the press is not just important to democracy, it is democracy (Walter Cronkite- renowned American broadcaster). Whilst Guyana could boast of having multiplicity of media-print and broadcasting- Guyana cannot make any serious claim to having the multiplicity of views through the media. Several media houses are either aligned […]

Subscribe To Our Newsletter

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?