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East Central Reporter

Monday, December 23, 2024

Mattoon company First Mid Bancshares Inc. (FMBH:NMQ) working in Financials sees value fall 10.9% on Sept. 21

Stock market 17 edited

Value in Financials stocks rose 2.7 percent on Sept. 21 from the previous day.

The strongest performing Financials company in Illinois was Sierra Lake Acquisition Corp. (SIER:NAQ), sitting 2,400 percent higher to sell at $9.99.

Guggenheim Strategic Opportunities Fund (GOF:NYQ) fared the worst among Illinois companies, suffering a 100 percent drop to $16.3.

Among Mattoon companies, First Mid Bancshares Inc. (FMBH:NMQ) saw the biggest fall in value of 10.9 percent on Sept. 21.

The Consumer Staples sector was the daily best-performing sector on the market.

Energy was the worst-performing sector.

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 sectors on Sept. 21

Sector% ChangeHighest Positive ChangeLargest Negative Change
Consumer Staples7.2%300,063,199.2%-100%
Utilities2.8%15,170,695.2%-100%
Financials2.7%54,793,499.2%-100%
Industrials1.6%10,327,686.8%-100%
Telecommunications1.3%3,723.2%-100%
Basic Materials-0.3%19,365,792.1%-100%
Real Estate-2.1%24,150,689.9%-100%
Consumer Discretionary-2.3%124,197,270.4%-100%
Technology-2.8%94,061,729.7%-100%
Energy-8.6%14,705,672%-100%

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