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By Rawle Lucas
Growth in Market Capitalization
Four stocks in the Lucas Stock Index (LSI) traded this final period of September 2021 with one of them registering a gain. The stock price of DTC rose 6.667 percent and added G$2.340 billion to the LSI this week. With the traded shares of BTI, DIH and RBL remaining unmoved, the market capitalization of the nine stocks in the LSI rose to G$539.415 billion this week. With the shares of DTC rising, the value of the active and inactive stocks of the manufacturing companies remained at G$221.163 billion with its percentage share dipping slightly to or 41.001 percent of the market cap. Also, the value of the active and inactive stocks of the commercial banks remained constant at G$280.812 but its percentage share slipped to 52.059 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 50.161 percent of the share. The share of the mid-cap stocks has dipped to 34.196 percent. The small-cap stocks moved up slightly to 12.873 percent of the value of the LSI while the micro-cap stocks remain unenergetic at 2.769 percent.
Tax Advantage of Stock Trades
Four stocks traded in the final trading period of September 2021. A total of 80,110 stocks in the Lucas Stock Index traded this week as against 403,740 last week. The lower trade volume resulted in investors enjoying tax benefits of G$3.953 million this week. The dispersion of the tax benefits was relatively narrower this week as against last week. The stocks of DIH accounted for 37.088 percent of the tax gains while those of RBL accounted for 34.579 percent of the tax gains. The sales of BTI stocks generated 20.239 percent of the gains while those of DTC brought in 8.095 percent. With 39 weeks of trading gone, the tax gains for investors have amounted to an estimated G$296.858 millio