Scotiabank gained $3.98 this week on the TTSE.
The Trinidad and Tobago Stock Exchange closed the week with gains, with the Composite Index rose 0.77 percent, while the ALL T&T Total Index gained 1.05 percent, resulting from 8 stocks rising and 9 declining.
Scotiabank jumped a hefty $3.98 or nearly 8 percent to $53.98 after a big fall last week, First Citizens Bank gained 50 cents to close at $43.50 and Unilever Caribbean rose 59 cents to $12.79.
Ansa McAl dropped $2 following last fall of a similar amount in closing at $46, as investors continued to vote negatively to the bad decision of the board to suspend dividend payments for three years. Calypso Micro Index Fund dropped $1.20 to close at $23.55 and Point Lisas fell 79 cents to $3.46.
At the close of the market for the week, the average PE ratio of stocks rose to 17.73, based on 2024 earnings and slipped to 12.44, based on estimates of 2025 earnings, suggesting a 29 percent potential gain for stocks in 2025.
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 85 percent, Trinidad Cement with 380 percent, Eric Solis with a 180 percent potential gain and One Caribbean Media with 300 percent.
Investors should watch Massy Holdings with a 50 percent potential gain, Prestige Holdings, which could gain 100 percent, Trinidad and Tobago NGL, 350 percent and Scotiabank with the potential of a 50 percent gain.