Ansa McAl dropped $2 to $48, following the decision of the directors to suspend dividend payments for three years. Scotiabank dropped a hefty $2.79 to $50, but First Citizens Bank gained $1 to close at $43 and Republic Holdings rose $1.39 to $112.
During the week, the Composite Index fell 0.84 percent after closing 0.40 percent lower the previous week. The ALL T&T Total Index fell 1.18 percent after declining 0.61 percent in the prior week, resulting in 9 stocks rising and 10 declining, similar to the previous week.
At the close of the market for the week, the average PE ratio of stocks was higher at 17.22, based on 2024 earnings and 12.55, based on estimates of 2025 earnings, suggesting a 29 percent potential gain for stocks in 2025.
Stocks with the potential to gain 100 percent or more when the market comes back to life, include CIBC Caribbean Bank which could rise by 200 percent, the severely undervalued Guardian Holdings, with a 380 percent potential gain, Republic Holdings at 140 percent, First Citizens Bank 85 percent, Trinidad Cement with 380 percent, Eric Solis with a 180 percent potential gain and One Caribbean Media with 340 percent.
Investors should watch Massy Holdings with a 50 percent potential gain, Prestige Holdings, which could gain 100 percent, Trinidad and Tobago NGL, 380 percent and Scotiabank with the potential of a 60 percent gain.