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Sunday, December 22, 2024

Glen Burnie-based Banks company Glen Burnie Bancorp (GLBZ:NAQ) sees value fall 43.4% in week ending Oct. 29

Stock market 19 edited

Value in Banks stocks rose two percent in the week ending Oct. 29 from the previous week.

The strongest performing Banks company in Maryland was Partners Bancorp (PTRS:NAQ), sitting 197.3 percent higher to sell at $9.3.

Community Financial Corp.(Maryland) (TCFC:NAQ) fared the worst among Maryland companies, suffering a 74.2 percent drop to $37.79.

Among Glen Burnie companies, Glen Burnie Bancorp (GLBZ:NAQ) saw the biggest fall in value of 43.4 percent in the week ending Oct. 29.

The Finance and Credit Services industry was the week’s best-performing industry on the market. The market is divided into 45 different industries.

Beverages 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 in week ending Oct. 29

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Finance and Credit Services132%482.6%-67%
Alternative Energy13.4%126.1%-87.3%
Mortgage Real Estate Investment Trusts12.6%306.6%-58.2%
Telecommunications Equipment10.8%12,486.5%-61.1%
Retailers9%1,043.5%-73.9%
Leisure Goods8.8%313.8%-90.5%
Automobiles and Parts8.4%1,176.1%-92.9%
Personal Care, Drug and Grocery Stores7.8%254.6%-74.5%
Gas, Water and Multi-utilities7.4%166.9%-83.7%
Telecommunications Service Providers7.3%988.4%-52.4%
Industrial Support Services7.1%1,353%-89.6%
Industrial Transportation7%505.9%-93.7%
Tobacco7%6,514.6%-55.3%
Construction and Materials6.9%670%-70.9%
Investment Banking and Brokerage Services6.9%26,606.5%-96.4%
Household Goods and Home Construction6.2%114.7%-96.1%
Industrial Engineering6.1%4,914.3%-89%
Electricity6.1%82.5%-62.3%
Real Estate Investment Trusts5.9%884%-84.7%
Health Care Providers5.9%832.6%-79.9%
Software and Computer Services5.8%5,230.2%-89.7%
Precious Metals and Mining5.5%40.2%-57.7%
Life Insurance5.4%114%-63.6%
Pharmaceuticals and Biotechnology5.4%50,902.2%-99.7%
Food Producers5.2%1,335.9%-90.5%
Aerospace and Defense4.9%411.2%-81.3%
Electronic and Electrical Equipment4.6%2,627%-99%
Travel and Leisure4.3%632.9%-92.3%
Oil, Gas and Coal3.9%3,075.7%-88.2%
Technology Hardware and Equipment3.3%32,745.3%-95.1%
Chemicals2.9%192.3%-99.4%
General Industrials2.8%708.7%-70.9%
Industrial Materials2.6%2,319.8%-53%
Closed End Investments2.6%3,208.1%-94.8%
Consumer Services2.4%456.2%-88.6%
Banks2%203,207.2%-98.5%
Media1.5%2,487.7%-80.6%
Real Estate Investment and Services1.3%3,046.9%-94.4%
Medical Equipment and Services1.1%769%-97.4%
Waste and Disposal Services0.8%112.9%-95.9%
Industrial Metals and Mining0.5%591.2%-99.6%
Open End and Miscellaneous Investment Vehicles0.5%20,339,900%-99.9%
Personal Goods-0.2%444.2%-80.6%
Non-life Insurance-6.4%491.4%-97.9%
Beverages-15.3%162.2%-77.2%

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