The Trinidad and Tobago stock market seemed to have welcomed the change in government in that country on Tuesday with winners out pacing losers by a wide margin but that did not carry over for the rest of the week, with the market closing lower, with the Composite Index closing 0.40 percent lower and the ALL T&T Totals Index down 0.61 percent, resulting in 9 stocks rising and 10 declining.
Prestige Holdings brand – TGIF
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 12.61, based on estimates of 2025 earnings, suggesting a 29 percent potential gain for stocks in 2025.
The past week Calypso Macro Investment Fund jumped $1.50 to close at $1.50, Prestige Holdings rose 39 cents to $10.89 and West Indian Tobacco rallied 29 cents to $5.30.
Ansa McAl dropped 90 cents to $50, Agostini declined by 75 cents to $67.25 and Unilever Caribbean fell 53 cents to end at $12.25.
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 90 percent, Trinidad Cement with 400 percent, Eric Solis with a 200 percent potential gain and One Caribbean Media with 330 percent.
Investors should watch Massy Holdings with a 50 percent potential gain, Prestige Holdings, which could gain 100 percent and Trinidad and Tobago NGL 390 percent.