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Thursday, November 7, 2024

Harrisburg-based Banks company Mid Penn Bancorp Inc. (MPB:NMQ) sees value rise 95.5% on Oct. 28

Stock market 13 edited

The value in Banks stocks rose 1.4 percent on Oct. 28 from the previous day.

The strongest performing Banks company in Pennsylvania was PB Bankshares Inc. (PBBK:NAQ), sitting 465,271.7 percent higher to sell at $12.52.

Codorus Valley Bancorp Inc. (CVLY:NMQ) fared the worst among Pennsylvania companies, suffering a 70.7 percent drop to $20.25.

Among Harrisburg companies, Mid Penn Bancorp Inc. (MPB:NMQ) saw the highest rise in value of 95.5 percent on Oct. 28.

The Finance and Credit Services industry was the daily best-performing industry on the market. The market is divided into 44 different industries.

Personal Goods 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 Oct. 28

Industry% ChangeHighest Positive ChangeLargest Negative Change
Finance and Credit Services143.7%162,168,624.3%-62.2%
Food Producers134.1%163,232,574.3%-70.2%
Tobacco120.9%616,321.7%-26.8%
Waste and Disposal Services115.7%214,783%-67.8%
Oil, Gas and Coal42.6%40,889,455.9%-76.2%
Life Insurance37.6%8,249,713.7%-72.6%
Leisure Goods32.2%11,430,641.4%-83.1%
Non-life Insurance31.1%4,826,533.5%-97.9%
Beverages28%370,500.9%-27.8%
Technology Hardware and Equipment23.8%21,578,555.1%-46.6%
Telecommunications Equipment17.8%12,104,736.3%-70.9%
Industrial Transportation14.7%262,666,970.3%-67.4%
Industrial Metals and Mining13.4%1,033,619.4%-74.8%
General Industrials12%92,217,335.9%-36.8%
Construction and Materials10.2%67,627,592.3%-91.5%
Gas, Water and Multi-utilities6.4%6,897,243.6%-40.6%
Electronic and Electrical Equipment2.6%1,416,394%-97.8%
Closed End Investments2.3%95,621,112%-88.2%
Software and Computer Services1.6%68,244,008.8%-92%
Mortgage Real Estate Investment Trusts1.4%125,411,868.8%-71.1%
Banks1.4%466,011,167.6%-96.5%
Open End and Miscellaneous Investment Vehicles0.4%224,773,697.3%-100%
Real Estate Investment Trusts-1.5%62,733,196.4%-50.2%
Automobiles and Parts-2%6,198,251.6%-55.2%
Retailers-3.6%142,538,123.1%-79.1%
Travel and Leisure-4%26,412,768.2%-88.1%
Pharmaceuticals and Biotechnology-4.1%311,276,199.1%-98.2%
Electricity-5%164,781,779.2%-39.5%
Health Care Providers-5%21,846,295%-62.5%
Media-5.3%61,326,553.8%-35.1%
Industrial Support Services-7.5%11,634,726.1%-61.9%
Industrial Engineering-10.2%301,567,246.9%-73.1%
Consumer Services-10.3%15,132,560.9%-96.6%
Personal Care, Drug and Grocery Stores-10.4%9,213,520.2%-81.2%
Chemicals-11.5%32,950,361%-34.8%
Industrial Materials-11.9%4,218,287.9%-80.5%
Aerospace and Defense-12.2%19,334,658.1%-88%
Telecommunications Service Providers-14.7%10,673,167.3%-
Real Estate Investment and Services-15.9%216,139%-86.8%
Alternative Energy-19.1%11,266,580%-28%
Investment Banking and Brokerage Services-19.5%203,680,999.9%-86.7%
Household Goods and Home Construction-19.5%37,012,695.5%-74.8%
Precious Metals and Mining-28%54,160,390.8%-25.9%
Personal Goods-28.7%1,444,891,204.3%-35.2%

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