Richmond company Richmond Mutual Bancorporation Inc (RMBI:NAQ) working in Banks sees value rise 842,670% on Aug. 18

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The value in Banks stocks fell 28.5 percent on Aug. 18 from the previous day.

The strongest performing Banks company in Indiana was Richmond Mutual Bancorporation Inc (RMBI:NAQ), sitting 842,670 percent higher to sell at $11.28.

Mid-Southern Bancorp Inc (MSVB:QXP) fared the worst among Indiana companies, suffering a 98.4 percent drop to $10.29.

Among Richmond companies, Richmond Mutual Bancorporation Inc (RMBI:NAQ) saw the highest rise in value of 842,670 percent on Aug. 18.

The Telecommunications Service Providers industry was the daily best-performing industry on the market. The market is divided into 46 different industries.

Precious Metals and Mining 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 Aug. 18

Industry% ChangeHighest Positive ChangeLargest Negative Change
Telecommunications Service Providers887.7%688.6%-37.9%
Waste and Disposal Services752.9%18,004.3%-46.7%
Consumer Discretionary682.8%4,463.1%-81.8%
Beverages190.8%20,476,147.2%-40.7%
Food Producers126.4%1,019.4%-76.2%
Retailers45.5%274,329.9%-64.1%
Investment Banking and Brokerage Services44.5%12,946.5%-89.3%
Oil, Gas and Coal31.2%3,200,483.5%-88.5%
Media28.1%3,066,566.7%-61.9%
Technology Hardware and Equipment24.8%42,821,165.7%-88.9%
Technology22.9%51,302%-94.6%
Gas, Water and Multi-utilities21.2%2,719.6%-87.1%
Non-life Insurance18.4%7,055.9%-69.3%
Industrial Metals and Mining18.3%35,130.9%-69.4%
Industrial Materials17.4%1,338.5%-39.9%
Telecommunications Equipment15.7%72,690.2%-78.9%
Mortgage Real Estate Investment Trusts11%304,072.4%-61.1%
Closed End Investments7.1%29,940,001.4%-97%
Medical Equipment and Services3.1%7,454,530.1%-87.7%
Industrial Transportation0.8%48,429,467.1%-47.2%
Leisure Goods0.7%680,343.3%-81.6%
Open End and Miscellaneous Investment Vehicles0.7%2,016,787.3%-99.7%
General Industrials-0.3%13,454,431.4%-23.4%
Electronic and Electrical Equipment-0.8%96,335%-50%
Alternative Energy-0.9%800,022.2%-55.5%
Finance and Credit Services-7%1,970.8%-96.4%
Industrial Engineering-7.5%9,484.1%-24.9%
Personal Care, Drug and Grocery Stores-8.5%1,048,922.4%-52.8%
Pharmaceuticals and Biotechnology-8.8%34,308,168.6%-98%
Construction and Materials-9.2%3,362,711.1%-60.1%
Real Estate Investment and Services-10%1,399.5%-69.5%
Life Insurance-11.1%95,730,900%-
Software and Computer Services-12.2%155,658,361.5%-99.4%
Industrial Support Services-12.2%779,275%-95.8%
Chemicals-12.3%104,660.6%-99.3%
Health Care Providers-15%8,552%-67.5%
Electricity-17.1%115,981,678.6%-29.3%
Personal Goods-23.7%2,544,292%-44.4%
Consumer Services-27%873.8%-58.7%
Automobiles and Parts-27%7,921.7%-32%
Banks-28.5%842,670%-98.4%
Aerospace and Defense-30.1%1,088%-23.7%
Travel and Leisure-31.6%3,491,921.1%-72.6%
Household Goods and Home Construction-33.5%512,421.3%-89.5%
Tobacco-36.6%419,755.9%-25.1%
Precious Metals and Mining-44.2%22,970.1%-99%

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