Stocks mostly got cheaper on the Trinidad and Tobago Stock Exchange this past week with prices of the majority of stocks falling, with declining stocks just edging out those rising 10 to 8, with the biggest price movers being Scotiabank up $1.85 and Guardian 50 cents, with Ansa McAl falling 80 cents, followed by Prestige Holdings down 50 cents and West Indian Tobacco 49 cents that rose cents and that declined by.
With Trinidad’s Central Bank maintaining low interest rates, falling prices make stocks there cheaper as they continue to mainly decline.
Some attractive stocks are Guardian Holdings, with the potential to gain more than 400 percent, First Caribbean, that could more than double, but may be suffering from a heavy float of shares, ScotiaBank, with a 50 percent potential, Republic could double, Trinidad Cement with 300 percent potential.
Compelling buys for falling T&T stocks
September 27, 2024 by Leave a Comment
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