Growth in Market Capitalisation

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Four stocks in the Lucas Stock Index (LSI) traded this first trading period of 2022. The LSI grew 2.449 percent from the previous week because the stock price of DDL exhibited mammoth growth of 13.475 percent, resulting in a gain of G$14.311 billion in market value. As a result, the market capitalization of DDL has reached G$120.521 billion. This makes DDL the third largest company in the LSI behind RBL and DIH. With the other three stocks of DIH, DTC and RBL registering no gain, the market capitalization of the nine stocks in the index stood at G$598.772 billion this week.

Stocks in the index are now being classified by the size of their market capitalisation and are displayed in tabular form below. The three large-cap stocks account for 68.010 percent of the market value. With one company in the mid-cap category, its share has dwindled to 15.858 percent of the market value. The small-cap stocks hold 13.561 percent of the market value while the micro-cap stocks continue to show no energy at 2.571 percent of the market capitalization of the LSI.

Tax Advantage of Stock Trades
Stock trades started the year 2022 in a relatively subdued manner. Four stocks in the Lucas Stock Index (LSI) traded in the opening period of January 2022 at a volume of 19,232 stocks in contrast to the trading volume in the last week of 2021 when 52,872 shares traded. The lower trade volume resulted in tax benefits of G$0.877 million. The stocks of DIH accounted for 54.746 percent of the tax gains while those of DTC accounted for 32.676 percent of the tax gains. RBL contributed 11.119 percent while DDL contributed 1.458 percent of the benefits. This being the first week of trading in the new year, the gains for investors are as previously indicated herein.

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