By Rawle Lucas
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 only two companies were traded in the third period of July, resulting in less than half of one million dollars in tax savings this week. DIH stocks accounted for 65 percent of the tax benefits from the stocks traded this week while sellers of DDL stocks would have enjoyed 35 percent of this week’s tax savings. With 29 weeks of trading gone, the tax gains for investors have amounted to an estimated G$256.545 million.
Growth in Market Capitalization
Two stocks in the Lucas Stock Index (LSI) traded this third period of July 2021 with one of them registering gains and one recording no gain. The stock price of DDL rose 1.60 percent and added an additional G$800 million to the capitalization of the company. DIH also added G$1 billion to its market capitalization which now stands at G$1.506 billion. The positive activity of DDL enabled the LSI to register growth this week of 0.11 percent. The market capitalization of the nine stocks in the LSI therefore stood at G$460.084 billion at the close of trading this week. The active and inactive stocks of the manufacturing companies account for G$180.856 billion or 39.309 percent of the market cap while the active and inactive stocks of the banks account for G$249.392 billion or 54.205 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 continue to 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.
