Growth in Market Capitalization

Support Village Voice News With a Donation of Your Choice.

Five stocks in the Lucas Stock Index (LSI) traded this first period of December 2021 with favourable results. The stocks of BTI registered a 6.848 percent gain while the stocks of DDL gained 2.273 percent on its market capitalization. The other three stocks of DIH, DTC and RBL registered no gain. The gain of G$2.192 billion by BTI pushed the market capitalization of the company to G$34.200 billion. The gain by DDL was also impactful on its market capitalization, adding G$2.259 billion to its value. With the market capitalization of DIH, DTC and RBL remaining unchanged, the market capitalization of the nine stocks in the LSI rose to G$577.179 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. DDL with its performance this week has now graduated to the large-cap stocks category, making this group of stocks even more powerful in the LSI. As a result, the large-cap stocks account for 66.848 percent of the market value. With one company in the mid-cap category, its share has dwindled from 49.613 percent to 16.451 percent. The small-cap stocks hold 14.034 percent of the market value while the micro-cap stocks continue to show no energy at 2.667 percent of the market capitalization of the LSI.

Tax Advantage of Stock Trades
Five stocks traded in the first trading period of December 2021. A much higher volume of 354,804 stocks in the Lucas Stock Index traded this week as against 29,158 last week. The higher trade volume resulted in additional tax benefits of G$11.153 million this week. The stocks of DIH accounted for 78.700 percent of the tax gains while those of DTC accounted for 8.195 percent of the tax gains. RBL contributed 4.950 percent of the benefits and DDL 4.842 percent. BTI contributed 3.312 percent. With 49 weeks of trading gone, the tax gains for investors have amounted to an estimated G$330.597 million.

Advertisement


Support Village Voice News With a Donation of Your Choice



Next Post

Viewpoint|PNCR 21st Biennial Congress

Sun Dec 12 , 2021
Support Village Voice News With a Donation of Your Choice. The People’s National Congress Reform (PNCR), formerly the People’s National Congress (PNC), is currently on national display given the upcoming 21st Biennial Congress to be held on a postponed date from December 11th to December 18th. The postponement resulted from an effort of the Executive in ensuring the safety and […]

Subscribe To Our Newsletter

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?