By Robert Kraft
On a daily basis, we will be breaking down what’s happened in the markets using the LD Micro Index as our indicator. According the index’s founder, Chris Lahiji, “The LD Micro Index is designed to give the most accurate representation of the intraday activity of microcap stocks in North America.”
Criteria for inclusion in the LD Micro Index is as follows:
- Listed in the U.S. (NYSE/AMEX, NASDAQ, OTCM) or Canada (TSX, TSX Venture)
- Market cap between $50 million and $300 million
- Average daily traded value of $50,000 over preceding 3 months
- Filed 10Q or 10K in preceding calendar year
See here for criteria: www.ldmicro.com/the-index
While I’d like to start on a better day, there have been worse, and there will be better. The LD Micro Index was down today 10.24 points, closing at 1,929.64.
Basic Materials, Industrials, Energy, Technology, Consumer Defensive and Real Estate sectors were in the green today led by Basic Materials up 3.54%. Utilities, Financial Services, Communications Services, Consumer Cyclical and Healthcare sectors were down with Healthcare down 1.29%.
Top 10 biggest gainers today were: $ROU.V (up 700%) $MGT $CCXI $PEGFQ $HEAR $EBN.V $CVO $CAFN $TWER $MCWEF
Top 10 biggest losers today were: $CJES $IMUN $EPRS $NHC.TO $HLTH $CYTX $PTX $WARM $ITEK $AMRS
Check back in tomorrow to get your most recent update.
Disclaimer: All data mentioned in this article is derived from The LD Micro Index as of May 11th, 2016 5 PM EST. Here is the website: www.LDMicro.com
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