Support Village Voice News With a Donation of Your Choice.
Five stocks in the Lucas Stock Index (LSI) traded this third period of November 2021 with three registering gains and two remaining unchanged. The stock price of DIH moved 8.0 percent adding G$10.0 billion to the market capitalization of the company which advanced to G$135.000 billion. The stock price of DBL gained 6.03 percent causing it to add G$5.4 billion to its market value. The stock price of DDL advanced 1.54 percent enabling it to add G$1.506 billion to its market capitalization. These positive changes enabled the market capitalization of the nine stocks in the LSI to grow to G$570.622 billion this week. All other active and inactive stocks remained at the previous week’s trading levels.
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 50.042 percent of the share. The share of the mid-cap stocks stands at 34.065 percent. The small-cap stocks stood at 13.196 percent of the value of the LSI while the micro-cap stocks continued to be unenergetic and hold 2.698 percent of the value.
Tax Advantage of Stock Trades
Five stocks traded in the third trading period of November 2021. A much higher volume of 75,543 stocks in the Lucas Stock Index traded this week as against 5,785 last week. The higher trade volume resulted in investors enjoying higher tax benefits of G$2.719 million this week. The stocks of DDL accounted for 33.165 percent of the tax gains while those of RBL accounted for 26.770 percent of the tax gains. DIH accounted for 22.873 percent of the gains and DBL contributed 16.362 of the benefits. Stocks of DTC contributed 0.830 of the tax benefits. With 46 weeks of trading gone, the tax gains for investors have amounted to an estimated G$317.197 million.