Munster company Finward Bancorp (FNWD:NAQ) working in Banks sees value fall 50.7% on March 29

Public Policy
Stock market 16 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 rose 11.6 percent on March 29 from the previous day.

The strongest performing Banks company in Indiana was First Capital Inc. (FCAP:NAQ), sitting 125.6 percent higher to sell at $26.19.

First Savings Financial Group Inc. (FSFG:NAQ) fared the worst among Indiana companies, suffering a 52.4 percent drop to $16.2.

Among Munster companies, Finward Bancorp (FNWD:NAQ) saw the biggest fall in value of 50.7 percent on March 29.

The Finance and Credit Services industry was the daily best-performing industry on the market. The market is divided into 44 different industries.

Consumer Services 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 March 29

Industry% ChangeHighest Positive ChangeLargest Negative Change
Finance and Credit Services47.9%509.2%-100%
Waste and Disposal Services20.5%212.2%-
Precious Metals and Mining17.3%4,655,560.4%-93.9%
Industrial Support Services14.5%2,807,464.8%-100%
Industrial Transportation14.3%256,512.5%-50%
Retailers12.1%19,574,348.6%-100%
Non-life Insurance11.8%38,358,095.4%-53.8%
Banks11.6%12,128,244.3%-100%
Personal Goods10.6%2,666,851%-90.8%
Real Estate Investment Trusts9.7%158,620,589.7%-100%
Alternative Energy6%80,857,904.9%-100%
Industrial Engineering5.9%38,583.3%-100%
Personal Care, Drug and Grocery Stores5.8%7,723,537.8%-99%
Closed End Investments4.7%7,552,205.9%-100%
Oil, Gas and Coal4%204,100,400.4%-100%
Investment Banking and Brokerage Services4%294,575,534.5%-95.4%
Travel and Leisure3.9%509,376.8%-100%
Construction and Materials2.7%166,308,726.8%-100%
Software and Computer Services2.6%158,513,010.5%-100%
Chemicals2.1%12,657,532.7%-100%
Technology2%170.1%-100%
Automobiles and Parts1.6%1,995.8%-88.9%
Gas, Water and Multi-utilities1.5%5,730,044.7%-100%
Beverages1.4%205,388.6%-99.7%
Telecommunications Service Providers1.2%26.1%-75.8%
Electricity1.2%46,994,878.2%-100%
Leisure Goods0.5%171,542.3%-100%
Open End and Miscellaneous Investment Vehicles-0.9%1,186,073.3%-100%
Mortgage Real Estate Investment Trusts-1.1%95%-100%
Technology Hardware and Equipment-1.2%64,723,614%-100%
Aerospace and Defense-1.5%17,764,441.8%-99.7%
Telecommunications Equipment-2.3%262,110.9%-100%
Pharmaceuticals and Biotechnology-3.1%81,494,739.3%-100%
Industrial Materials-3.7%62.2%-44.3%
Industrial Metals and Mining-4%640,050.7%-95.3%
Media-5.7%4,757,188.7%-100%
Health Care Providers-7.8%299,091,751.9%-100%
Medical Equipment and Services-7.9%75,109,278.2%-100%
General Industrials-9.5%73,086,364.5%-100%
Food Producers-11.9%612,002.4%-100%
Electronic and Electrical Equipment-13.4%8,538,341.9%-99.6%
Life Insurance-31.1%43.7%-100%
Real Estate Investment and Services-46.1%5,206,026.6%-100%
Consumer Services-58.9%2,066.7%-99.6%

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