Stocks fueled gains in the Trinidad and Tobago Stock Exchange at the close of the week resulting in the All Trinidad and Tobago and the Combined Indices rising between 0.3 and 0.5 percent with the gap between winning and losing stocks narrowing sharply from 7 stocks gaining and 11 declining last week to compared with 7 rising and 8 this week.
Angostura Holdings aged rum.
The average PE ratio of the market, closed at 8.32 based on 2023 earnings compared to 7.7 last week and 5.75 based on estimates of the 2024 earnings. The difference graphically illustrates the market’s current undervalued level and the potential gains ahead.
In another week of mostly moderate price movements, Angostura Holdings popped 50 cents to $14.50 and Unilever Caribbean recovered the 38 cents lost last week in closing at $11.19. CinemaOne is the only stock that fell with a notable loss, with the price dropping 72 cents to close at $4.68.
Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank with a possible gain of 200 percent, the severely undervalued Guardian Holdings, with a 430 percent potential, Republic Holdings at 135 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 325 percent. Eric Solis with a 100 percent potential gain and One Caribbean Media with 315 percent.
Investors should watch Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with a potential gain of 250 percent.
The average PE ratio of the market closed at 7.7 based on 2023 earnings compared to 7.36 last week and 5.54 based on estimates of the 2024 earnings. The difference graphically illustrates the market’s current undervalued level and the potential gains ahead.
Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank with a possible gain of 200 percent, the severely undervalued Guardian Holdings, with a 430 percent potential, Republic Holdings at 135 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 350 percent. Eric Solis with a 90 percent potential gain and One Caribbean Media with 315 percent.
The market closed with trading of 180,350 shares valued at $3,075,555 compared with 269,573 stock units at $2,493,607 on Thursday. An average of 8,198 shares were exchanged at $139,798 down from 16,848 units at $155,850 on Thursday. Trading for the month to date ended with an average of 14,618 shares at $153,151 in line with 15,169 stock units at $154,300 previously and an average of 17,669 shares at $153,409 in 
Calypso Macro Investment Fund remained at $23.75 after trading in 22 stock units, CIBC Caribbean Bank popped 20 cents to finish at $8.15 with 280 shares crossing the market, First Citizens Group shed 23 cents and ended at $41.65 as investors exchanged 2,268 stocks. GraceKennedy ended at $3.68 in trading 2,410 stock units, Guardian Holdings closed at $14.90 after an exchange of just 32 units, Guardian Media gained 1 cent and ended at $1.11 with 972 shares crossing the market. JMMB Group remained at $1.06 after a transfer of 444 stock units, Massy Holdings closed the week at $3.87 with investors trading 127,787 stocks, National Enterprises climbed 1 cent to close at $2.62 with an exchange of 830 units. National Flour Mills ended at $1.69 with 810 stocks clearing the market, NCB Financial ended at $2.39 with investors swapping 700 shares, 
One Caribbean Media ended at $2.85 after an exchange of 800 stock units. Point Lisas gained 1 cent in closing at $3.21 with investors trading 100 units, Prestige Holdings popped 20 cents to close at $11.30 in switching ownership of 2,368 shares, Republic Financial ended at $113.51 after the trading of 11,081 units. Scotiabank closed Friday at $54.06 after an exchange of 7,918 stocks, Trinidad & Tobago NGL ended at $4.65 with investors trading 2,200 stocks, Unilever Caribbean sank 2 cents to finish at $10.81 in an exchange of 763 shares and West Indian Tobacco remained at $5.53 with traders dealing in 8,213 stocks.
The market closed with trading of 358,721 shares at $7,640,936 up from 179,912 stock units at $2,445,820 on Tuesday. An average of 15,597 shares were traded at $332,215 well above the 11,245 units changing hands at $152,864 on Tuesday. Trading for the month to date averaged 15,057 shares at $154,192 compared to 15,000 units at $135,322 on the previous day and an average for January of 17,669 shares at $153,409.
Ansa Merchant Bank closed at $40.05 with 1,000 stocks changing hands, Calypso Macro Investment Fund ended at $23.75 with investors trading 5 shares, CIBC Caribbean lost 5 cents in closing at $7.95 with 4,782 stock units changing hands. Endeavour Holdings rallied $1 to close at a 52 weeks’ high of $20 with investors trading just 10 units, First Citizens Group rose 50 cents to finish at $42 after an exchange of 7,333 stock units, GraceKennedy ended at $3.69 after trading of 4,438 shares. Guardian Holdings remained at $14.90 with 503 stock units clearing the market, Guardian Media dipped 1 cent in closing at $1.10 in an exchange of 3,397 units, JMMB Group remained at $1.04 with 13,299 stocks crossing the market. Massy Holdings sank 4 cents in closing at $3.90 in switching ownership of 243,039 shares, National Enterprises popped 1 cent to end at $2.62 with traders dealing in 1,725 stock units, National Flour Mills rallied 4 cents to finish at $1.69 in an exchange of 4,000 stocks. One Caribbean Media ended at $2.85 after trading 2 units, 
Point Lisas fell 8 cents to close at $3.20 with an exchange of 415 shares, Prestige Holdings increased by 30 cents to end at $11.30 after 3,005 stocks passed through the market. Republic Financial climbed 19 cents to $113.50 with investors swapping 52,101 units, Scotiabank declined $1.74 to finish at a 52 weeks’ low of $54.06 with a transfer of 483 stock units, Trinidad & Tobago NGL ended at $4.65 as investors exchanged 674 shares. Trinidad Cement shed 10 cents in closing at a 52 weeks’ low of $2.20 after a transfer of 13,876 stock units and Unilever Caribbean remained at $11.02 after an exchange of 376 stocks.
The market closed with trading of 179,912 shares with a value of $2,445,820 compared with a mere 13,891 stocks at $575,461 on Monday. Trading close with an average of 11,245 shares for $152,864 up from just 817 units for $33,851 on Monday. Trading month to date averaged 15,000 shares at $135,322 that is in line with 15,299 units at $133,926 on the previous day compared with an average for January of 17,669 shares at $153,409.
At the close of a market session of increased trading, Ansa Merchant Bank ended at $40.05 with trading of 185 stock units, CIBC Caribbean rose 4 cents to $8 with investors swapping 1,947 units, First Citizens Group ended at $41.50 after 5,649 shares were traded. GraceKennedy dropped 4 cents and ended at $3.69 with investors trading 16,659 stock units, JMMB Group lost 2 cents in closing at $1.04 with 84,200 shares crossing the market, L.J. Williams B share remained at 75 cents as investors exchanged 216 stocks. Massy Holdings rose 3 cents and ended at $3.94 after 17,406 units passed through the market, National Enterprises slipped 7 cents to $2.61 after a transfer of 6,592 stock units, National Flour Mills shed 2 cents to finish at $1.65 with 680 shares crossing the market. Point Lisas ended at $3.28 in an exchange of 100 stocks, 
Prestige Holdings ended at $11 with 3,764 stock units clearing the market, Republic Financial fell 19 cents to end at $113.31 and closed after 7,187 stock units changed hands. Scotiabank remained at $55.80 with 18,312 shares crossing the exchange, Trinidad and Tobago NGL skidded 3 cents to a 53 weeks’ low of $4.65 with a transfer of 6,460 stock units, Trinidad Cement closed at $2.30 after an exchange of 8,805 stocks and Unilever Caribbean sank 17 cents to $11.02 in trading 1,750 stocks.
The market closed with a mere 13,891 shares traded for $575,461 down from 144,349 stock units at $1,217,028 on Friday. An average of just 817 shares were traded at $33,851 well below the 6,874 units that ended trading on Friday for $57,954, with trading for the month to date averaging 15,299 shares at $133,926 compared with 16,637 units at $143,172 on the previous day and an average for January of 17,669 shares at $153,409.
At the close of a lacklustre trading session, Agostini’s shed 20 cents to end at $68 after a transfer of 27 stocks, Angostura Holdings shed 49 cents to close at $14, with 746 units crossing the exchange, Ansa McAl sank 50 cents to finish at $58.50 in switching ownership of 417 shares. Ansa Merchant Bank increased 5 cents and ended at $40.05 after an exchange of 286 stock units, CIBC Caribbean Bank dipped 4 cents in closing at $7.96 after 362 shares passed through the market, First Citizens Group sank 50 cents to end at $41.50 in an exchange of 2,691 stocks. Guardian Media ended at $1.11 with investors trading 150 units, JMMB Group popped 2 cents to $1.06 after an exchange of 37 stock units, L.J. Williams B share climbed 10 cents to end at 75 cents with investors trading 800 shares. Massy Holdings skidded 4 cents to close at $3.91 in an exchange of 2,808 units, 
National Enterprises slipped 1 cent to finish at $2.68 with 74 stock units crossing the market, National Flour Mills remained at $1.67 with an exchange of 191 stock units. Prestige Holdings rose 9 cents to $11 and closed with 407 shares changing hands, Republic Financial fell 35 cents to end at $113.50 with with investors trading 3,130 units, Scotiabank remained at $55.80 with a transfer of 605 units. Trinidad & Tobago NGL rallied 2 cents to close at $4.68 with investors dealing in 210 stocks and West Indian Tobacco ended at $5.53 with trading in 950 shares.
The average PE ratio of the market closed at 7.36 based on 2023 earnings compared to 7.7 last week and 5.46 based on estimates of the 2024 earnings. The differences in the PE ratios graphically illustrate the market’s current undervalued level and the potential gains ahead.
The market closed with 70,323 shares trading for $892,844 down sharply from 404,700 stock units at $2,458,018 on Monday.
At the close of a slow day of trading, Agostini’s lost 30 cents to end at $68.20 in swapping owners of 230 stocks, Ansa McAl dipped 50 cents to end at $59 as investors exchanged just 2 shares, Calypso Macro Investment Fund ended at $23.75 after just one stock units passed through the market. CIBC Caribbean Bank remained at $8 in exchanging 60 units, CinemaOne fell 10 cents in closing at $5.40 with investors trading a mere two stock units, Endeavour Holdings remained at $19 with an exchange of 10 shares. Eric Solis Marketing ended at $4.20 while 55 stock units were trading, First Citizens Group popped 17 cents in closing at $42.16 after an exchange of 4,086 stocks, GraceKennedy declined 7 cents to close at $3.73 with investors trading 3,235 units. Massy Holdings ended at $3.90 with 31,356 stocks changing hands, National Enterprises lost 3 cents to finish at $2.69 with investors dealing in 1,181 shares, 
National Flour Mills advanced 4 cents and ended at $1.69 with a transfer of 1,002 stock units. NCB Financial remained at $2.39, with 17,180 shares crossing the exchange, Prestige Holdings sank 15 cents and ended at $10.85 in trading 500 stocks, Republic Financial rose 1 cent to finish at $113.31 with 3,502 units crossing the market. Scotiabank remained at $56 in an exchange of 1,570 stock units, Trinidad & Tobago NGL climbed 9 cents to end at $4.69 with traders dealing in 1,060 shares and West Indian Tobacco increased 1 cent in closing at $5.40 after 5,291 stocks crossed the market .
Trading ended with an exchange of 404,700 shares for $2,458,018 well above 72,614 stocks at $484,805 on Friday.
At the close of market activity, Ansa Merchant Bank remained at $40 after a transfer of 80 stock units, Calypso Macro Investment Fund ended at $23.75 in swapping just 20 shares, CIBC Caribbean Bank rose 20 cents in closing at $8 with investors dealing in 720 units. First Citizens Group slipped 11 cents to $41.99 after 9,223 stocks changed hands, GraceKennedy climbed 6 cents to close at $3.80 as investors exchanged 12,062 units, Guardian Holdings fell 15 cents to end at $14.85 with 70 stocks crossing the market. Massy Holdings remained at $3.90 after an exchange of 364,699 shares, National Enterprises ended at $2.72 as 1,015 stock units passed through the market, National Flour Mills skidded 4 cents in closing at $1.65 with investors ended up trading 3,847 shares. 
One Caribbean Media lost 5 cents to close at $2.80 with 5,107 stocks clearing the market, Prestige Holdings rose 25 cents to end at $11 with investors swapping 10 units, Republic Financial dipped 1 cent to finish at $113.30 with 2,786 stock units crossing the market. Scotiabank remained at $56 in an exchange of 4,420 shares, Trinidad & Tobago NGL shed 5 cents to close at a 52 weeks’ low of $4.60 with traders dealing in 90 stock units, Unilever Caribbean rallied 39 cents to finish at $11.19 with 505 stocks crossing the exchange and West Indian Tobacco ended at $5.39 with a transfer of 46 units.
Stocks declined for a second week on Trinidad and Tobago Stock Exchange driven mostly by cross-listed shares as the All Trinidad and Tobago Index rose marginally in the week, with prices of just 6 stocks rising and 12 declining, for an improved performance over just 5 rising and 15 declining at the end of the previous week. 
Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank with a possible gain of 210 percent, the severely undervalued Guardian Holdings, with a 430 percent potential, Republic Holdings at 160 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 340 percent. Eric Solis with a 90 percent potential gain and One Caribbean Media with 31 percent.