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.
A total of 19 securities trading, down from 24 on Monday, with prices of 10 rising, three declining and six ended unchanged and resulting in gains for the overall market.
Massy Holdings popped 1 cent to $4.40 in trading 484,057 shares, National Enterprises ended at $3.25 while investors exchanged 10,000 stocks, National Flour Mills advanced 3 cents to close at $1.60, with 8,495,792 units crossing the market. NCB Financial climbed 14 cents to $4.70, after an exchange of 10,000 shares, One Caribbean Media ended at $3.70 with 29,468 units clearing the market, Point Lisas remained at $3.25 with trading of 30 stocks. Scotiabank popped $1.80 to end at $77.80 after 14,469 stock units crossed the market, Trinidad & Tobago NGL rallied 7 cents in closing at $21.97 after exchanging 45,083 stock units, Trinidad Cement increased 32 cents to close at $3.92 as investors exchanged 11,014 units and West Indian Tobacco gained 34 cents in ending at $21.89 with investors exchanging 45,022 shares.
The market closed with 15 securities changing hands up from twelve on Thursday and closed with the prices of three stocks advancing, six stocks declining and six remaining unchanged. Trading resulted in an exchange of 260,964 shares for $2,759,391 compared to 158,453 shares valued $1,258,794 on Thursday.
One Caribbean Media lost 10 cents, exchanging 5,000 units to close at a 52 weeks’ low of $4.90, Trinidad and Tobago NGL shed 19 cents to settle at $14.81, in transferring 93 units and West Indian Tobacco ended at $34.50, with a loss of 50 cents trading 261 units.








