After years of declines, the TTSE market recorded gains for the year through to the end of this week, with the Composite Index rising 7.6 percent and the All T&T Index rising 6.3 percent.
The positive outcome arose from sharp gains in the prices of seven stocks, with Trinidad & Tobago NGL topping the list with a jump of 284 percent, followed by National Enterprises with 138 percent gain.
In the past four weeks, rising stocks pushed the market higher, with solid price gains in First Citizens, up $1.30, Guardian Holdings rising 56 cents, Republic Holdings with an increase of 50 cents and West Indian Tobacco climbing $1.26. Stocks also suffered sizable declines; amongst the list are Ansa McAl with a fall of $2, Endeavour Holdings down $1, Agostini falling $1.65 and Prestige Holdings slipping 45 cents.
Notwithstanding the solid gains for the year to date, the PE chart shows several stocks being highly undervalued. These include Guardian Holdings, Republic Holdings, Scotiabank, National Flour, Massy Holdings, Trinidad Cement, Eric Solis and West Indian Tobacco.