The Composite Index of the Trinidad and Tobago Stock Exchange closed lower for the week, at the same time that the All Trinidad Index slipped just over 5 point, with prices of 9 stocks falling and 7 rising.
The majority of stocks remain attractively prices at the close of the week with big upside gains ahead.
The average PE ratio of the market is.8.3 versus 9.8 last week compared to 5.3 based on the current year’s earnings. The huge difference between the two shows the undervalued level of the market currently is and the extent of the upside that lies ahead.
The only winning stocks of note for the week are Republic Holdings with a rise of $3 to $115, First Citizens Bank up 59 cents to $41 and Prestige Holdings gaining 51 cents to close at a 52 weeks’ high of $11.01
Ansa Merchant Bank fell 19 cents to $59.50, Scotiabank fell 95 cents to $57.55, Ansa McAl declined by 50 cents to $59.50 and LJ Williams B shares fell 34 cents to 93 cents.
Stocks that could gain more than 100 percent when the market comes back to life, include, CIBC Caribbean Bank with a possible gain of 250 percent, but the high level of potential supply may stifle this stock from achieving full potential, Guardian Holdings at 500 percent, Republic Holdings at 115 percent, Massy Holdings at 110 percent, Trinidad Cement with 300 percent, Eric Solis 400 percent and One Caribbean Media with 300 percent.
The market closed with trading of 1,101,665 shares with a value of $2,580,451 down from 1,580,869 stocks at $6,428,404 on Wednesday.
CIBC Caribbean Bank formerly First Caribbean Bank dipped 1 cent to end at $7.06 in an exchange of 642 stocks units, GraceKennedy ended at $3.59 with investors dealing in 69,000 shares, Guardian Holdings ended at $13.50 in switching ownership of 4,427 stock units. JMMB Group remained at $1.02 after an exchange of 652,170 units, Massy Holdings lost 3 cents to finish at $3.67 with investors trading 213,709 stocks, National Enterprises shed 5 cents and ended at $2.70 with an exchange of 3,824 shares. National Flour Mills ended at $1.70 after 5,000 stock units passed through the market, NCB Financial remained at $2.15 in trading 91,199 units, Prestige Holdings climbed 25 cents to end at a 52 weeks’ high of $11 with 19 stocks crossing the market. 
Republic Financial dropped $3 to a 52 weeks’ low of $112 as investors exchanged 2,222 units, Scotiabank sank $1.49 in closing at $57 with 471 shares crossing the market, Trinidad & Tobago NGL ended at $4.50 in an exchange of 7,600 stock units. Trinidad Cement slipped 11 cents to finish at $2.61 with traders dealing in 43,306 stocks and West Indian Tobacco rose 10 cents to close at $6 after a transfer of 4,170 units.
The market closed with the trading of 1,580,869 shares valued $6,428,404 well above the 104,402 stock units at $2,827,691 on Tuesday.
At the close of trading, Angostura Holdings ended at $16 with 1,000 stocks crossing the market, Ansa McAl shed 50 cents in closing at $59.50 with a transfer of 5 units, Calypso Macro Investment Fund sank 60 cents to end at $23 as 1,693 shares passed through the market. First Citizens Group slipped 4 cents in closing at $40.41 with 4,020 stock units passing through the exchange, FirstCaribbean International Bank popped 2 cents and ended at $7.07 in trading 250 shares, GraceKennedy remained at $3.59 with 18,860 units clearing the market. Guardian Holdings sank $1 and ended at a 52 weeks’ low of $13.50 with investors trading 10,392 stocks, JMMB Group remained at $1.02 in switching ownership of 1,265 stock units, L.J. Williams B share skidded 4 cents to end at a 52 weeks’ low of $1.04 with investors trading 45 shares. Massy Holdings popped 5 cents in closing at $3.70 after an exchange of 1,440,105 stock units, National Enterprises gained 2 cents to close at $2.75 with investors dealing in 10,054 stocks, National Flour Mills ended at $1.70 after an exchange of 15,633 units. NCB Financial remained at $2.15 with 59,151 shares changing hands, 
One Caribbean Media ended at $3 with an exchange of 350 stock units, Prestige Holdings ended at $10.75 after trading of 2,217 stocks. Republic Financial rose $2 to finish at $115 as investors traded 3,187 units, Scotiabank lost 1 cent and ended at $58.49 after a transfer of 482 shares, Trinidad & Tobago NGL remained at $4.50 with traders dealing in 3,586 units. Trinidad Cement dipped 1 cent to $2.72 in an exchange of 90 stocks, Unilever Caribbean fell 49 cents in closing at $11 with investors swapping 54 stock units and West Indian Tobacco declined 10 cents to end at a 52 weeks’ low of $5.90 in an exchange of 8,430 shares.
The market closed with trading of 277,593 shares for $825,974 up from 586,212 stocks at $1,929,348 on Friday.
At the close, Agostini’s remained at $62.45 after 15 stock units passed through the market, Ansa McAl ended at $60 after an exchange of 37 shares, Calypso Macro Investment Fund popped 40 cents and ended at $24 with 901 stocks clearing the market. First Citizens Group increased 4 cents to end at $40.45 in an exchange of 2,914 units, FirstCaribbean International Bank lost 1 cent in closing at $7.05 with investors trading 4,499 shares, GraceKennedy remained at $3.60 in an exchange of 20 stock units. JMMB Group climbed 3 cents to $1.05 with traders dealing in 29 stocks, L.J. Williams B share sank 19 cents to end at a 52 weeks’ low of $1.08 in switching ownership of 7,929 units, Massy Holdings fell 1 cent in closing at $3.69 with 36,923 stocks crossing the market. 
National Enterprises dipped 1 cent and ended at $2.73 in trading 11 units, National Flour Mills ended at $1.70 after an exchange of 30 shares, NCB Financial remained at $2.15 with a transfer of 223,349 stock units. Prestige Holdings ended at $10.50 as investors exchanged 590 shares, Republic Financial ended at $112 with 112 units changing hands, Scotiabank shed $1.50 in closing at $57 with investors swapping 128 stocks and West Indian Tobacco remained at $6 and closed after an exchange of 106 stock units.
The only winning stocks of note for the week are Scotiabank up $2.15 to $58.50, Unilever Caribbean with a gain of 75 cents and Guardian Holdings with a gain of 26 cents. Calypso Investment Fund lost 40 cents to close at $23.60 and LJ Williams lost 22 cents in closing at $1.27.
The market closed with trading of 321,052 shares valued $3,764,788 compared to 183,705 stock units at $2,168,475 on Monday. An average of 17,832 shares were traded at $209,155 compared with 18,371 stock units at $216,848 on Monday, Trading month to date averages 40,259 shares at $314,779 down from 41,686 stocks at $321,905 on the previous day and an average for September of 19,319 shares at $151,318.
First Citizens Group popped 55 cents to end at $40.95 in an exchange of 65,530 stock units, FirstCaribbean International Bank dipped 1 cent to finish at $7.05 with investors exchanging 4,000 shares. GraceKennedy ended at $3.60 after a transfer of 350 stocks, L.J. Williams B share fell 22 cents to $1.27 as investors exchanged 1,032 stock units, Massy Holdings climbed 4 cents to close at $3.60 after a transfer of 90,500 shares. National Enterprises rose 1 cent to end at $2.81 with 10,423 stock units crossing the market, NCB Financial remained at $2.15 after an exchange of 115,436 units, Point Lisas declined 10 cents to finish at $3.10 and closed with 1,418 stocks being traded. Prestige Holdings ended at $10.50 with 4 units crossing the exchange, 
Republic Financial advanced 1 cent in closing at $112 with investors trading 905 stocks, Scotiabank sank $1.80 and ended at a 52 weeks’ low of $56 with 608 shares clearing the market. Trinidad & Tobago NGL ended at $4.70 with investors trading 13,208 stock units, Unilever Caribbean gained 75 cents to close at $11 after 3,659 shares passed through the market and West Indian Tobacco slipped 15 cents to end at $6 with traders dealing in 10,979 stocks.
The market closed with trading of 183,705 shares for $2,168,475 compared to 220,060 stock units at $6,419,504 on Friday.
The Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one with a lower offer.
Prestige Holdings remained at $10.50 after an exchange of 90,707 units, Republic Financial increased 4 cents to end at $111.99 with investors swapping 7,658 stocks, Scotiabank popped $1.45 and ended at $57.80 in switching ownership of 1,300 shares and Trinidad & Tobago NGL dipped 5 cents to end at a 52 weeks’ low of $4.70, with 4,331 stock units clearing the market.
The market closed with trading of 220,060 shares valued $6,419,504 compared with 926,597 stock units at $5,261,776 on Thursday. At the close, an average of 12,945 shares were traded at $377,618 compared with 54,506 units at $309,516 on Thursday, with trading for the month to date averaging 42,460 shares at $325,395 compared to 44,227 units at $325,395 on the previous day and an average for September of 19,319 shares at $151,318.
The Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
National Enterprises remained at $2.85 with 7,532 stocks crossing the market, One Caribbean Media declined 24 cents to finish at a 52 weeks’ low of $2.91 with investors trading 850 units, Prestige Holdings ended at $10.50 after a transfer of 285 stock units. Republic Financial sank 5 cents to end at a 52 weeks’ low of $111.95 after 10,515 shares, were traded, Scotiabank remained at $56.35 with an exchange of 65 stock units, Trinidad & Tobago NGL dipped 25 cents and ended at $4.75 after 11,289 units were traded. Unilever Caribbean ended at $10.25 with a transfer of 1,097 stocks and West Indian Tobacco popped 15 cents in closing at $6.15 after an exchange of 1,563 shares.
The market closed with trading of 926,597 shares up from $5,261,776 compared to 335,330 stock units at $1,958,847 on Wednesday.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and four with lower offers.
NCB Financial advanced 20 cents to close at $2.50 after an exchange of 3,000 units, One Caribbean Media popped 15 cents to end at $3.15 after 4,750 stocks passed through the market, Prestige Holdings ended at $10.50 as investors exchanged 58,251 stock units. Republic Financial gained 20 cents to $112 with 1,092 shares crossing the market, Scotiabank remained at $56.35 in an exchange of 25 stock units, Trinidad & Tobago NGL rose 27 cents to close at $5 with 4,500 units changing hands. Trinidad Cement shed 6 cents and ended at $2.79 after 475 stocks crossed the exchange and West Indian Tobacco ended at $6 after investors ended trading 18,502 shares.