Growth in Market Capitalization

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Five stocks in the Lucas Stock Index (LSI) traded this second period of October 2021 with one of them registering a loss. The stock price of SPL rose 10.526 percent causing its market value to go up by G$458.139 million. It was joined by DDL which stock price rose 3.175 percent enabling it to add G$3.013 billion its market value. The stock price of BTI also moved favourably by 0.025 percent causing the market capitalization of the company to rise by G$8.0 million. In contrast, the stock price of RBL fell 0.171 percent resulting in the market value of the company falling by G$258.131 million this week. With the traded shares of DIH remaining unmoved, the market capitalization of the nine stocks in the LSI fell to G$542.608 billion this week. The value of the active and inactive stocks of the manufacturing companies remained at G$224.634 billion with its percentage share rising marginally to 41.339 percent of the market cap. Also, the value of the active and inactive stocks of the commercial banks remained constant at G$280.533 with its percentage share slipping to 51.701 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 49.813 percent of the share. The share of the mid-cap stocks stands at 34.550 percent. The small-cap stocks moved up slightly to 12.799 percent of the value of the LSI while the micro-cap stocks remain unenergetic at 2.837 percent.

The LSI remained at 955.123 this week.

Tax Advantage of Stock Trades


Five stocks traded in the second trading period of October 2021. A total of 152,950 stocks in the Lucas Stock Index traded this week as against 11,233 last week. The higher trade volume resulted in investors enjoying higher tax benefits of G$4.213 million this week. The stocks of DIH accounted for 52.024 percent of the tax gains while those of DDL accounted for 34.014 percent of the tax gains. BTI accounted for 7.596 percent while SPL accounted for 5.980 percent of the tax benefits. The stocks of RBL had 0.386 of the benefits. With 41 weeks of trading gone, the tax gains for investors have amounted to an estimated G$301.847 million.

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