Scotia up 90c, Calypso shed $1.55 for week


The Trinidad and Tobago stock market ended another shortened week on a winning note, with the number of stocks rising, remaining the same as the previous week, with one less declining, resulting in a marginal upward movement in the market indices,  7 following prices of stocks rising and 8 declining. The TTSE Composite index closed 0.65 percent higher and the All T&T Total index gained 0.76 percent.

At the market’s weekly close, the average PE ratio of stocks was higher at 17.22, based on 2024 earnings and 12.37, based on estimates of 2025 earnings, following the recent updating of earnings for 2025, suggesting an average potential increase of 29 percent for 2025.
The past week, Scotiabank popped 90 cents to close at $53, Guardian Holdings gained 25 cents to end at $16.75, Angostura Holdings rose 75 cents to close at $14.80, Unilever Caribbean rallied 78 cents to end at $12.78 and Point Lisas climbed 23 cents to $4.25.

Calypso Macro Investment Fund dropped $1.55 to end at $23.45, Ansa Merchant Bank fell 50 cents to close at $39.50, Ansa McAl dipped 65 cents to $50.90, Prestige Holdings declined by 49 cents to $10.50 and West Indian Tobacco shed 42 cents to close at $5.01.

Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank, which could rise by 200 percent, but may face supply pressure with so many shares outstanding. The severely undervalued Guardian Holdings, with a 378 percent potential gain. It is worth noting that the supply of stocks in the Jamaican market has abated considerably and may be heralding a turnaround in the fortune of the stock price. Republic Holdings at 140 percent, First Citizens Bank at 90 percent, Trinidad Cement with 380 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 380 percent.

About IC Insider.com