Ansa Mcal jumped $7 to close the week at $67 on the Trinidad and Tobago Stock Exchange that closed with mixed fortunes with gains with the All Trinidad Index closing 0.4 percent lower and the Composite index rising 0.5 percent.
The market closed with prices of 9 stocks rising and 9 falling to be slightly more positive than the previous week that closed with 11 rising and 9 declining.
The average PE ratio of the market is 7.86, compared to 5.2 based on the current year’s earnings. The difference between the two graphically illustrates the market’s current undervalued level and by extension the upside potential ahead.
The other winning stocks of note for the week are, Agostini’s with a gain of $1.55 to $64, Republic Holdings ended with a 99 cents rally to $112.99, CIBC Caribbean Bank is up 40 cents to close at $7.90 and Unilever Caribbean up 20 cents to $11.20.
Falling stocks with larger price movements are Endeavour Holdings dropping $1 to $17, Scotiabank declined by 80 cents to $55.95 and One Caribbean Media down 18 cents to $2.81.
Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank with a possible gain of 200 percent, the highly undervalued Guardian Holdings, a stock, with a 480 percent potential, Republic Holdings at 120 percent, Massy Holdings at 100 percent, Trinidad Cement with 350 percent, Eric Solis trading at a new high closes the week with a 400 percent and One Caribbean Media with 300 percent.
Investors should not forget Prestige Holdings with the potential to gain 80 percent.