Value of Banks company Merchants Bancorp (MBIN:NAQ) based in Carmel rose 62.4% on June 23

Value of Banks company Merchants Bancorp (MBIN:NAQ) based in Carmel rose 62.4% on June 23

Public Policy

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 60.3 percent on June 23 from the previous day.

The strongest performing Banks company in Indiana was Merchants Bancorp (MBIN:NAQ), sitting 62.4 percent higher to sell at $25.18.

Richmond Mutual Bancorporation Inc. (RMBI:NAQ) experienced the smallest increase in share price among Indiana companies, rising 39.8 percent to sell at $11.

Among Carmel companies, Merchants Bancorp (MBIN:NAQ) saw the highest rise in value of 62.4 percent on June 23.

The Household Goods and Home Construction industry was the daily best-performing industry on the market. The market is divided into 47 different industries.

Consumer Discretionary 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 June 23

Industry% ChangeHighest Positive ChangeLargest Negative Change
Household Goods and Home Construction66.9%630%-51.1%
Technology56.7%2,323.2%-78.8%
Non-life Insurance49.7%694.4%-85.6%
Food Producers45.2%1,185.4%-91.1%
Telecommunications Equipment27.6%80.5%-92%
Tobacco25.6%549.9%-84.4%
Industrial Metals and Mining22.1%1,813.9%-95.6%
Electronic and Electrical Equipment21.8%2,076.3%-76.8%
Pharmaceuticals and Biotechnology21.8%3,724.9%-91.1%
Life Insurance20.4%291.7%-59.5%
Aerospace and Defense17.8%2,237.4%-76%
Real Estate Investment and Services15.4%4,077.5%-61%
Waste and Disposal Services12.6%140.1%-97.5%
Oil, Gas and Coal10.6%3,546.9%-98.6%
Leisure Goods9.7%1,628.3%-91.2%
Precious Metals and Mining9%86,726.1%-75.7%
Medical Equipment and Services7.7%2,056%-92.1%
General Industrials7%857.6%-62.7%
Beverages5.4%1,644.7%-85%
Software and Computer Services4.5%1,187.2%-79.7%
Personal Care, Drug and Grocery Stores4.3%934.6%-76.6%
Mortgage Real Estate Investment Trusts0.4%95.5%-85.6%
Finance and Credit Services-0.7%2,186.2%-49.7%
Construction and Materials-2.3%74,152.7%-73.5%
Industrial Transportation-2.6%2,158.5%-98.8%
Gas, Water and Multi-utilities-2.6%459.9%-54%
Open End and Miscellaneous Investment Vehicles-3.2%1,195,405.6%-99.9%
Closed End Investments-3.5%3,714%-96%
Technology Hardware and Equipment-4.3%1,906.3%-94.1%
Media-4.4%14,338.2%-84.5%
Automobiles and Parts-5.5%1,520.6%-53.9%
Electricity-10.8%447.4%-47.6%
Chemicals-11.7%17,788.9%-94%
Real Estate Investment Trusts-12%403.8%-61.2%
Health Care Providers-15.3%8,838%-96.6%
Industrial Engineering-18.5%2,127.3%-71%
Retailers-20.4%478,308.7%-67.4%
Industrial Materials-21.6%1,630.2%-45.7%
Alternative Energy-22.5%1,741.3%-32.1%
Personal Goods-32.4%2,204.2%-93%
Industrial Support Services-33%2,925.4%-99.7%
Travel and Leisure-34.7%921.8%-80.9%
Consumer Services-43.1%2,258.8%-85.7%
Investment Banking and Brokerage Services-49.1%1,498%-100%
Banks-60.3%2,620.9%-92.5%
Telecommunications Service Providers-70.9%422%-81.4%
Consumer Discretionary-82.4%1,460.4%-72.5%

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