Written by Dreamer
On Tuesday, April 30, 2024, the U.S. stock market saw a widespread decline in major indices.
- S&P 500: Closed at 5,035.69, down 80.48 points or -1.57%.
- Dow 30: Closed at 37,815.92, down 570.17 points or -1.49%.
- Nasdaq: Closed at 15,657.82, down 325.26 points or -2.04%.
- Russell 2000: Closed at 1,973.91, down 42.12 points or -2.09%.
This downturn reflects broader market concerns, impacting various sectors and indicating a bearish sentiment among investors on that day.
Contents:
- Stock Performance Overview
- Market Cap Category Distribution
- Sector-Wise
- Top-10 Traded Basic Materials Stocks
Insights:
Stock Performance Overview:
Stock performance overview is as below:
- Gainers: 1,705 stocks experienced an increase in their stock prices.
- Losers: 5,012 stocks saw a decrease in their stock prices.
- Unchanged: 417 stocks remained unchanged in their stock prices.
More stocks declined than advanced, pointing to generally unfavorable market conditions. The low number of unchanged stocks suggests active trading and significant price movements for the majority of stocks.
Market Cap Category Distribution:
The market cap breakdown of companies is as below:
- Micro Cap: These smallest companies form nearly half the market, representing 49%.
- Small Cap: Almost a quarter of the companies are small caps, accounting for 23%.
- Mid Cap: Medium-sized companies make up a significant portion, with 16%.
- Large Cap: Larger companies constitute just over a tenth of the market, at 11%.
- Mega Cap: The largest companies, or Mega Caps, are rare, making up only 1%.
This distribution indicates that Micro Cap companies dominate the market, whereas Mega Cap companies, the largest in the sector, are relatively scarce.
Sector-Wise:
Summary of the average trading volume per sector is as below:
- Basic Materials: Leads with the highest trading volume.
- Energy and Telecommunications: These sectors show substantial trading activity, closely following Basic Materials.
- Finance: Has relatively lower trading volumes compared to other sectors.
- Unknown: Registers the lowest trading volume, indicating minimal trading activity.
Investors show the highest engagement in sectors such as Basic Materials, Energy and Telecommunications, as evidenced by their higher trading volumes.
Top-10 Traded Basic Materials Stocks:
Below is a rundown of the top 10 Basic Materials stocks with the highest average trade volume:
- Leader: GOLD leads the sector with the highest trade volume, showcasing significant investor activity.
- Close Contenders: VALE follows closely behind, with a robust trade volume that nearly matches GOLD’s.
- At the Bottom: CDE has the lowest trade volume among the top 10, indicating it is the least actively traded stock in this group.
These trading volumes reflect a strong investor interest in these Basic Materials sector stocks, with GOLD and VALE, being particularly prominent.
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