All the banking stocks suffered big decline on the Trinidad and Tobago Stock Exchange this week, with First Citizens Bank dropping $1 to $42.50, Scotiabank falling by 90 cents to $51.60, CIBC Caribbean Bank declining by 70 cents to $8.30, Republic Holdings down 45 cents to $112.05 and Ansa Merchant Bank losing 39 cents to $39. The only other declining stock of note is One Caribbean Media, down 40 cents to $2.60.
At the end of trading, prices of 8 stocks rose compared with 9 in the previous week and 11 fell, up from 6 last week, resulting in the Composite index losing 4.81 points or 0.47 percent, the All T&T index ending the week flat and the Cross-Listed index slipping 1.39 points or 1.88 percent.
Ansa McAl recovered the $4 lost in the previous week, to close at $44, Agostini climbed $1 to $66, Calypso Micro Index Fund gained $1 to finish at $24, Prestige Holdings, which jumped $1.35 last week, gained 70 cents to close the past week at $13.
At the week’s close, the average PE ratio of the market ended at 18.93, based on 2024 earnings and 12.66, based on 2025 estimated earnings, suggesting a 50 percent potential gain for stocks in 2025/26.
Stocks with the potential to gain 100 percent or more when the market comes back to life, include CIBC Caribbean Bank which could rise 190 percent, the severely undervalued Guardian Holdings, a 375 percent potential gain, Republic Holdings at 140 percent, First Citizens Bank 85 percent, Trinidad Cement with 250 percent, Eric Solis with a 190 percent potential gain and One Caribbean Media with 345 percent.
Investors should watch Massy Holdings, with a 50 percent potential gain, Prestige Holdings, which could gain 68 percent and Scotiabank with the potential of a 50 percent gain.