Growth in Market Capitalization

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Three stocks in the Lucas Stock Index (LSI) traded this final period of November 2021 with mixed performance. The stocks of DTC registered an 8.108 percent gain while the stocks of RBL lost 0.934 percent of its value. The stocks of DIH registered no gain. The gain of G$3.510 billion by DTC pushed the market capitalization of the company to G$46.8 billion. The loss of G$1.405 billion by RBL resulted in the market cap declining to G$149.142 billion. With DIH remaining unchanged and the strong performance of DTC, the market capitalization of the nine stocks in the LSI rose to G$572.727 billion this week.

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. However, this week its share has fallen to 49.613 percent. The share of the mid-cap stocks too has dipped to 33.939 percent. The small-cap stocks gained because of the growth of DTC stocks and stands at 13.760 percent this week. The anemic micro-cap stocks continued to lag at 2.688 percent of the market capitalization value of the LSI.

The LSI remained at 1,008.14 this week.

Tax Advantage of Stock Trades
Three stocks traded in the final trading period of November 2021. A much higher volume of 29,158 stocks in the Lucas Stock Index traded this week as against 7,390 last week. The higher trade volume resulted in additional tax benefits of G$9.708 million this week. The stocks of DTC accounted for 54.990 percent of the tax gains while those of DIH accounted for 31.271 percent of the tax gains. RBL contributed 22.739 percent of the benefits. With 48 weeks of trading gone, the tax gains for investors have amounted to an estimated G$319.444 million.


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