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Thursday, October 17, 2024

Value of McLean-based Financials company Primis Financial Corp. (FRST:NMQ) rose 28% on Sept. 22

Stock market 21 edited

Value in Financials stocks fell 6.1 percent on Sept. 22 from the previous day.

The strongest performing Financials company in Virginia was Kinsale Capital Group Inc. (KNSL:NYQ), sitting 1,297,395.6 percent higher to sell at $251.87.

First National Corp. (FXNC:NAQ) fared the worst among Virginia companies, suffering an 83.3 percent drop to $15.53.

Among McLean companies, Arlington Asset Investment Corp. (AAIC:NYQ) saw the highest rise in value of 366.6 percent on Sept. 22.

The Real Estate sector was the daily best-performing sector on the market.

Telecommunications 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. 22

Sector% ChangeHighest Positive ChangeLargest Negative Change
Real Estate-0.5%173,802,491.4%-100%
Technology-1.1%88,409,905.2%-100%
Consumer Discretionary-3.1%271,791,394.2%-100%
Industrials-3.6%20,764,994.3%-100%
Health Care-3.9%276,537,213.4%-100%
Utilities-4.4%355,609,192.5%-100%
Basic Materials-4.9%52,727,998.4%-100%
Energy-5.4%17,436,391.2%-100%
Financials-6.1%228,786,996.8%-100%
Consumer Staples-8.5%319,836,469.3%-100%
Telecommunications-8.6%935.6%-100%

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