Tax Advantage of Stock Trades 

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Five stocks traded again in the fourth trading period of August.  A total of 44,243 stocks in the Lucas Stock Index traded this week as against 393,632 last week.  The lower trade volume resulted in investors enjoying tax benefits of G$4.153 million this week.  The stocks of RBL accounted for 93.175 percent of the tax gain.  DBL stocks accounted for 2.874 percent of the tax benefits while DTC stocks accounted for 2.219 percent of the benefits.  DIH stocks generated a tax gain of 1.466 and BTI stocks brought up the rear with 0.266 percent of the tax benefits respectively.  With 34 weeks of trading gone, the tax gains for investors have amounted to an estimated G$276.122million.

Growth in Market Capitalization

Five stocks in the Lucas Stock Index (LSI) traded this fourth period of August 2021 with four of them registering gains and one of them registering no gain.  The stock price of DBL skyrocketed by 32.67 percent to reach G$199.  It also registered the largest increase in market capitalization.  RBL registered the next highest gain of 5.0 percent and recaptured the market value of G$7.170 billion that it lost last week.  DTC also had a strong showing with a gain of 3.85 percent and added value of G$1.170 to its market value.  The positive trend in stock prices was capped off by DIH whose stock price rose 1.39 percent and added back the value of G$1.1 billion that it lost last week.  BTI is the only stock whose price remained unmoved amidst the active stocks of this trading period.  The market capitalization of the nine stocks in the LSI therefore stood at G$493.265 billion at the close of trading this week.  The value of the active and inactive stocks of the manufacturing companies rose to G$181.263 billion or 36.748 percent of the market cap while the value of the active and inactive stocks of the commercial banks fell to G$280.412 or 56.848 percent of the market value on account of the gain driven by DBL.

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 remain the most dominant group in the capitalization classification accounting for 53.635 percent of the value of the LSI while the large-cap stock accounts for 31 percent.  DBL has moved ahead of DIH in market value.  The small-cap stocks contribute 13 percent of the value of the LSI and the micro-cap stocks account for 3 percent.

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