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Central Broward News

Monday, December 23, 2024

Value of Non-life Insurance company Fednat Holding Co. (FNHC:NMQ) based in Sunrise fell 47.8% on Sept. 29

Stock market 26 edited

The value in Non-life Insurance stocks rose 2.6 percent on Sept. 29 from the previous day.

The strongest performing Non-life Insurance company in Florida was Brown & Brown Inc. (BRO:NYQ), sitting 47.6 percent higher to sell at $60.89.

Universal Insurance Holdings Inc. (UVE:NYQ) fared the worst among Florida companies, suffering a 71.2 percent drop to $9.32.

Among Sunrise companies, Fednat Holding Co. (FNHC:NMQ) saw the biggest fall in value of 47.8 percent on Sept. 29.

The Banks industry was the daily best-performing industry on the market. The market is divided into 44 different industries.

Food Producers 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 Sept. 29

Industry% ChangeHighest Positive ChangeLargest Negative Change
Banks6.7%89,121,545%-100%
Investment Banking and Brokerage Services3.8%10,402.9%-100%
Construction and Materials3.7%36,709,174.2%-100%
Life Insurance3.5%1,762.5%-100%
Aerospace and Defense3.4%2,750.4%-100%
Medical Equipment and Services3.4%52,940,973.1%-100%
Telecommunications Service Providers3.3%1,067%-96.7%
Media2.7%1,110.2%-100%
Non-life Insurance2.6%41,110,644.7%-100%
Travel and Leisure2%54,515,094.4%-100%
Oil, Gas and Coal1.5%18,674,017.6%-100%
Alternative Energy1.2%302.2%-100%
Industrial Support Services0.5%20,101.8%-100%
General Industrials0.2%8,941.7%-100%
Retailers-0.1%35,872,287.7%-100%
Precious Metals and Mining-0.3%310%-100%
Household Goods and Home Construction-0.6%7,349,118.6%-100%
Open End and Miscellaneous Investment Vehicles-0.6%141,757.1%-100%
Personal Goods-0.7%159,132,596.4%-100%
Health Care Providers-0.9%13,287.9%-100%
Real Estate Investment Trusts-1.3%15,270,004.3%-100%
Telecommunications Equipment-1.4%7,089.5%-100%
Personal Care, Drug and Grocery Stores-1.5%398,138,513.9%-100%
Leisure Goods-1.5%485,311%-100%
Industrial Materials-1.6%19,535,502.7%-95.4%
Tobacco-1.6%184.7%-99.9%
Industrial Transportation-1.9%28,868.5%-100%
Chemicals-2.1%13,017.9%-100%
Real Estate Investment and Services-2.6%319.5%-100%
Pharmaceuticals and Biotechnology-2.8%41,262.3%-100%
Closed End Investments-2.8%77,561,810%-100%
Gas, Water and Multi-utilities-3.1%2,386.1%-100%
Finance and Credit Services-3.9%337,317.4%-100%
Electricity-3.9%48,349,347.3%-100%
Mortgage Real Estate Investment Trusts-4.1%20,168,809.8%-99.7%
Industrial Engineering-5.5%31,834,285.4%-100%
Electronic and Electrical Equipment-6.8%890,755.8%-99.7%
Software and Computer Services-7.7%124,781,193.6%-100%
Automobiles and Parts-8.1%189.9%-97.5%
Technology Hardware and Equipment-13.2%7,878.8%-100%
Industrial Metals and Mining-18.1%9,256.1%-99.9%
Waste and Disposal Services-26.4%22,563.1%-71.4%
Beverages-27.3%36,615%-100%
Food Producers-63%83,692,990.6%-100%

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