Value of Richmond-based Banks company Richmond Mutual Bancorporation Inc. (RMBI:NAQ) rose 17.7% on July 7

Public Policy
Stock market 22 edited

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

The value in Banks stocks fell 24.9 percent on July 7 from the previous day.

The strongest performing Banks company in Indiana was Mid-Southern Bancorp Inc. (MSVB:NAQ), sitting 6,810.5 percent higher to sell at $12.9.

Finward Bancorp (FNWD:NAQ) fared the worst among Indiana companies, suffering a 72.8 percent drop to $22.87.

Among Richmond companies, Richmond Mutual Bancorporation Inc. (RMBI:NAQ) saw the highest rise in value of 17.7 percent on July 7.

The Telecommunications Service Providers industry was the daily best-performing industry on the market. The market is divided into 47 different industries.

Food Producers was the worst-performing industry.

Healthcare and technology stocks are viewed as the safest bets for long-term gains.

Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.

While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.

For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.

Nothing in this article is to be assumed as financial advice.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Rank of stock market industries on July 7

Industry% ChangeHighest Positive ChangeLargest Negative Change
Telecommunications Service Providers834.7%6,387.8%-5.4%
Consumer Discretionary742.6%282.5%-99.9%
Travel and Leisure63.1%11,980.5%-98.4%
Investment Banking and Brokerage Services61.8%340.5%-98.3%
Waste and Disposal Services47.8%20,685,869.2%-30.8%
Retailers40.4%117,543,945.7%-93.4%
Media35.3%18,162.1%-90.2%
Oil, Gas and Coal34.6%2,868,725.3%-100%
Gas, Water and Multi-utilities31.8%37,636.4%-25.2%
Industrial Materials20.1%2,884.9%-77.5%
Non-life Insurance19.1%24,556,408.7%-99.9%
Medical Equipment and Services17.5%11,632.2%-100%
Technology Hardware and Equipment15.4%5,112%-100%
Mortgage Real Estate Investment Trusts8.3%146.6%-95.2%
Industrial Transportation8.3%376,076.2%-40.1%
Real Estate Investment Trusts7.4%148,114,229.3%-100%
Industrial Engineering5.4%521.9%-37.8%
Closed End Investments4.9%19,078,541.4%-100%
Construction and Materials1.6%169,552%-100%
Telecommunications Equipment1.5%112.6%-99.9%
Open End and Miscellaneous Investment Vehicles1%218,024.3%-100%
Finance and Credit Services0.3%15,443.4%-87.2%
Electronic and Electrical Equipment-2.4%4,413.7%-98.2%
General Industrials-2.4%159,980.7%-100%
Alternative Energy-3.2%4,486.1%-100%
Real Estate Investment and Services-3.7%1,273.6%-70.6%
Leisure Goods-4.6%490.2%-100%
Chemicals-8%2,110.1%-100%
Software and Computer Services-11.3%49,245,183%-100%
Industrial Support Services-12.2%2,735%-96.2%
Health Care Providers-12.3%922.4%-80.4%
Pharmaceuticals and Biotechnology-15.2%771,753.2%-100%
Personal Care, Drug and Grocery Stores-17.1%4,322.7%-63.7%
Life Insurance-18.9%2,954.8%-13.2%
Beverages-19.7%30,954.2%-79.5%
Automobiles and Parts-19.9%1,970.2%-66%
Precious Metals and Mining-22%1,654.3%-70.5%
Industrial Metals and Mining-22.3%5,649.7%-100%
Electricity-22.4%215,192,141.9%-37.8%
Personal Goods-23.1%32,301.7%-57%
Banks-24.9%287,347,994.2%-100%
Consumer Services-25.1%4,719.2%-100%
Technology-26.9%185,244.3%-100%
Aerospace and Defense-29.2%1,268,467.6%-100%
Tobacco-30.7%94,393,130.8%-64.8%
Household Goods and Home Construction-34.1%115,274.9%-100%
Food Producers-36.6%6,903.8%-100%

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS