The Composite index of the Trinidad and Tobago Stock Exchange suffered a marginal decline during the Labour Day shortened week, while the All Trinidad and Tobago Stock Exchange index rose moderately to close of the shortened week.
The market movement was influenced by a $1 gain in First Citizens Group to close at $38.50, a 90 cents rise in Republic Holdings shares to close at $108.50 and was helped by a $2.08 jump in the price of Ansa McAl to $49.00, Medcorp climbed $2.75 to $43.75 and Prestige Holdings rose $1.25 to end at $12.25. Weighing down the market were Endeavour Holdings, down $2 to $16, National Enterprises slipping 57 cents to $4.80, Agostini losing 35 cents to end at $59.15 and AS Bryden falling 30 cents to $1.50.
Many investors are scared of markets that are declining or in the early stages of a market recovery. Due to this fear, they miss many opportunities for above average returns on investments for failing to invest when prices are depressed.
The PE chart shows several stocks as being highly undervalued. These include Guardian Holdings, Republic Holdings, National Flour, Trinidad Cement and Eric Solis, to name some of the highest undervalued ones.