Growth in Market Capitalisation

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By Rawle Lucas

Five stocks in the Lucas Stock Index (LSI) traded this second period of September 2021 with one of them registering a loss and four of them registering no gain. The stock price of DDL fell 3.077 percent to G$126, resulting in a decline of G$3.013 billion in its market capitalization. With the stock prices of BTI, DIH, DTC and RBL remaining unmoved, the market capitalization of the nine stocks in the LSI ended at G$537.075 billion this week. The value of the active and inactive stocks of the manufacturing companies fell to G$221.163 billion or 41.171 percent of the market cap. The value of the active and inactive stocks of the commercial banks also remained constant at G$280.812 but rose to 52.285 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. With the addition of DIH to the large-cap stocks category, this group of stocks has assumed the dominant share of market value with 50.380 percent of the share. The share of the mid-cap stocks has dropped to 34.345 percent. The small-cap stocks now contribute 12.494 percent of the value of the LSI while the micro-cap stocks account for 2.781 percent.

Tax Advantage of Stock Trades
Five stocks traded in the second trading period of September 2021. A total of 129,228 stocks in the Lucas Stock Index traded this week as against 54,009 last week. The higher trade volume resulted in investors enjoying tax benefits of G$3.399 million this week. The stocks of DDL accounted for 74.169 of the tax gains. DIH accounted for 20.050 percent of the tax gains while those of DTC generated 4.730 percent. RBL and BTI registered small gains of 0.618 and 0.433 percent respectively. With 37 weeks of trading gone, the tax gains for investors have amounted to an estimated G$283.093 million.

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