Twelve stocks declined on the Trinidad and Tobago Stock Exchange this past week, including newly listed Medcorp, dropping $7.20, down 15 percent from its IPO price of $48, while five gained, similar to the previous week.
The financial sector continues the negative movement, with three stocks declining and just one rising during the week. All stocks in the Conglomerate sector declined and four in the Manufacturing sector, with the price of one rising marginally.
Big movers in the past week, Ansa McAl with a fall of $1 to $42.50, One Caribbean Media fell 36 cents to $2.24 and Scotiabank lost 85 cents to close at $50.50, First Citizens Bank down 45 cents to $42.05, Unilever Caribbean fell by 38 cents to $14.02 and Point Lisas fell 40 cents to $3.60.
Agostini climbed 50 cents to $67 and CIBC Caribbean Bank gained 30 cents to $8.60.
At the week’s close, the average PE ratio of the market ended at 18.7, based on 2024 earnings and 12.5, 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 180 percent, Guardian Holdings, a 370 percent potential gain, Medcorp, 230 percent, Republic Holdings at 140 percent, First Citizens Bank 85 percent, Trinidad Cement with 275 percent, Eric Solis with a 190 percent potential gain and One Caribbean Media with 360 percent.
Investors should watch Massy Holdings, with a 50 percent potential gain, Prestige Holdings, which could gain 60 percent and Scotiabank with the potential of a 55 percent gain.