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Home Columns Weekly Business Voice

Tax Advantage of Stock Trades

Staff Reporter by Staff Reporter
November 14, 2021
in Weekly Business Voice
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Two stocks traded in the second trading period of November 2021. A much smaller volume of 5,785 stocks in the Lucas Stock Index traded this week as against 117,617 last week. The lower trade volume resulted in investors enjoying lower tax benefits of G$0.527 million this week. The stocks of RBL accounted for 95.259 percent of the tax gains while those of DIH accounted for 4.741 percent of the tax gains. With 45 weeks of trading gone, the tax gains for investors have amounted to an estimated G$314.478 million.

Growth in Market Capitalization
Two stocks in the Lucas Stock Index (LSI) traded this second period of November 2021 with both registering gains. The two traded stocks were DIH and RBL. The stock price of DIH moved 4.167 percent adding G$5 billion to the market capitalization of the company which advanced to G$125.000 billion. The stock price of RBL gained 0.172 percent causing it to add G$258.131 million to its market value. These positive changes enabled the market capitalization of the nine stocks in the LSI to grow to G$553.716 billion this week. All other active and inactive stocks remained at the previous week’s trading levels.

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Growth in Market Capitalisation

Monthly Stock Activity Report

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 49.764 percent of the share. The share of the mid-cap stocks stands at 33.857 percent. The small-cap stocks stood at 13.599 percent of the value of the LSI while the micro-cap stocks continued to be unenergetic at 2.780 percent.

The LSI remain closed at 974.676 this week.

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