Stocks closed the week in narrowing of the gap between winning and losing stocks but still ended with the bias towards losers on the Trinidad and Tobago Stock Exchange with 7 stocks gaining and 11 declining compared with 7 rising and 13 in the previous week, resulting in the All Trinidad and Tobago and the Combined Indices falling between 0.7 and 1.2 percent in the week.
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.
In another week of mostly moderate price movements, Endeavour Holdings beat the trend by climbing $1 to a 52 weeks’ high of $20 followed by Prestige Holdings up 39 cents to close the week at $11.30.
The financial sector dominated the list of major losers, with three out of six listings falling. Scotiabank lost $1.74 to end at $54.06, Ansa McAl dived $1 to $58, Angostura Holdings dropped 49 cents to $14, Unilever Caribbean lost 38 cents in closing at $10.81 and Republic Holdings fell 34 cents in closing at $113.51 and First Citizens Bank declined 35 cents to end the week at $41.65.
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.
Investors should watch Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with a potential gain of 240 percent.
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 .
The market closed with a mere 72,614 shares being traded for just $484,805, down from 398,160 stock units at $4,658,562 on Thursday. At the close of the market, an average of 3,631 shares were exchanged at $24,240 well below the 18,098 units at $211,753 on Thursday. Trading for the month to date averaged 20,771 shares at $98,722 compared with 25,403 units at $118,857 on Thursday, compared to an average for January of 17,669 shares for $153,409.
At the close of trading, Agostini’s gained 50 cents to end at $68.50 after a transfer of just 7 stock units, Angostura Holdings rose 50 cents in closing at $14.50 with 136 shares crossing the market, Ansa McAl dropped 30 cents to $59.50 with traders dealing in 111 stock units. Calypso Macro Investment Fund ended at $23.75 after an exchange of 11 units, CIBC Caribbean Bank remained at $7.80 in switching ownership of 917 stocks, CinemaOne ended at $5.50 with investors swapping 5 units. Eric Solis Marketing fell 5 cents to $4.20 in an exchange of a mere 2 shares, First Citizens Group remained at $42.10 with investors trading 2,222 stock units and Guardian Holdings rallied 15 cents to end at $15 after 16 shares passed through the market. Massy Holdings declined 5 cents and ended at $3.90 in an exchange of 60,726 stock units, National Enterprises popped 3 cents to close at $2.72 with investors dealing in 90 stocks, National Flour Mills remained at $1.69 after an exchange of 25 units. 
NCB Financial ended at $2.39 in trading 209 shares, One Caribbean Media ended at $2.85 after an exchange of 370 units, Prestige Holdings remained at $10.75 with a transfer of 940 stocks. Republic Financial ended at $113.31 with 746 stocks changing hands, Scotiabank advanced 19 cents to close at $56 with 282 shares crossing the exchange, Trinidad & Tobago NGL remained at $4.65 after trading 5,000 units. Unilever Caribbean shed 39 cents to finish at $10.80 with 122 stocks clearing the market and West Indian Tobacco increased 10 cents to finish at $5.39 with an exchange of 677 stock units.
The market closed with trading of 42,887 shares for $345,319 down from 55,504 stock units at $1,090,160 on Tuesday.
At the close, Agostini’s dipped 1 cent to close at $65.99 in trading 15 stock units, Angostura Holdings ended at $14 after an exchange of 322 shares, Ansa McAl ended at $60.50 with investors ending the trading of just stock units. Calypso Macro Investment Fund ended at $23.75 with 812 stocks crossing the exchange, CIBC Caribbean Bank popped 3 cents to finish at $8.23 with investors swapping 293 shares, First Citizens Group remained at $41.50 with 1,686 stocks crossing the market. GraceKennedy ended at $3.74 with a transfer of 108 units, Guardian Holdings remained at $14.93 and closed with 190 stock units changing hands, Guardian Media ended at $1.12 with an exchange of 200 shares. Massy Holdings remained at $3.95 after a transfer of 24,093 stocks, 
National Flour Mills slipped 1 cent to close at $1.69 after 200 units passed through the market, Prestige Holdings remained at $10.75 with an exchange of 160 stock units. Republic Financial slipped 55 cents to end at $113.25 with 552 shares crossing the market, Scotiabank gained 20 cents to end at $56 with investors trading 103 stock units, Trinidad & Tobago NGL ended at $4.75 after an exchange of 109 stocks. Unilever Caribbean closed at $11.19 with 150 units clearing the market and West Indian Tobacco sank 13 cents to finish at $5.40 after an exchange of 13,888 stocks.
The market closed with trading of 148,192 shares for $1,298,267 compared to 273,711 stock units at $1,527,686 on Friday.
At the close, Agostini’s remained at $68 with investors trading 20 stocks, Angostura Holdings ended at $14 with 206 units being traded, Ansa McAl dropped 70 cents to close at $59.80 with trading of 732 shares. Calypso Macro Investment Fund remained at $23.75 with investors swapping 100 stock units, CIBC Caribbean Bank fell 1 cent to finish at $8.24 in an exchange of 1,400 shares, Eric Solis Marketing skidded 1 cent and ended at $4.25 with 8 units crossing the market. First Citizens Group rallied 16 cents to $41.80 as investors exchanged 2,576 stocks, GraceKennedy sank 1 cent and ended at $3.74 after a transfer of 11,071 stock units, Guardian Holdings popped 25 cents to finish at $15.25 after 64 shares passed through the market. JMMB Group increased 1 cent to close at $1.06 after an exchange of 1,460 stock units, Massy Holdings lost 3 cents in closing at $3.95 with 40,285 units clearing the market, National Enterprises sank 14 cents to end at $2.51 after an exchange of 4,060 stocks. 
National Flour Mills ended at $1.70 with investors trading 12,100 stock units, One Caribbean Media dipped 15 cents to close at $2.85 after an exchange of 34 stocks, Prestige Holdings jumped 68 cents to $10.75 with investors dealing in 46 shares. Republic Financial remained at $114 with 3,134 units passing through the exchange, Scotiabank ended at $56 with traders dealing in 2,923 shares, Trinidad & Tobago NGL ended at $4.75 in switching ownership of 1,037 stock units. Unilever Caribbean slipped 1 cent to $11.19 after the trading of 620 units and West Indian Tobacco declined 13 cents and ended at $5.40 with an exchange of 66,316 stock units.
The market closed with trading of 666,289 shares for $21,610,825 up from 199,074 units at $1,260,256 on Thursday. An average of 39,193 shares were traded at $1,271,225 compared with 8,655 stock units at $54,794 on Thursday, with trading month to date averaging 19,533 shares at $190,075 compared with 17,887 stock units at $99,534 on the previous day and an average for December of 19,548 shares at $423,231. The Composite Index gained 2.92 points to end at 1,079.12, the All T&T Index advanced 5.25 points to close at 1,587.22, the SME Index remained unchanged at 92.14 and the Cross-Listed Index popped 0.06 points to conclude trading at 74.93. Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers. At the close of trading, Agostini’s remained at $68, with 43 stocks clearing the market, Angostura Holdings rallied $1.08 to $14.85 and closed with an exchange of 42 units, 
Ansa McAl popped $1.45 to end at $61 after a transfer of 333,466 shares. Endeavour Holdings declined 75 cents in closing at $18 after an exchange of 200 stock units, First Citizens Group rallied 1 cent to $41.76 with investors dealing in 1,774 shares, JMMB Group ended at $1.06 after an exchange of 49,988 stock units. L.J. Williams B share increased 8 cents to 79 cents with 1,015 stocks crossing the market, Massy Holdings climbed 4 cents and ended at $3.90 in an exchange of 151,040 units, National Flour Mills ended at $1.70 with traders dealing in 11,950 shares. NCB Financial remained at $2.39 after an exchange of 41,500 units, Point Lisas ended at $3.28 with investors trading 5,000 stocks, 
Prestige Holdings lost 25 cents to end at $11 in an exchange of 1,767 stock units. Republic Financial rose 60 cents in closing at $113.60 with investors trading 3,714 shares, Scotiabank slipped 5 cents to $57.05 with an exchange of 262 stocks, Trinidad & Tobago NGL remained at $4.75, with 11,520 units crossing the market. Unilever Caribbean sank 5 cents to close at $11.25 in switching ownership of 810 stock units and West Indian Tobacco skidded 3 cents to finish trading at $5.51 after 52,198 shares passed through the market.
The market closed with trading of 199,074 shares for $1,260,256 compared to 72,559 stock units at $1,069,494 on Wednesday.
CinemaOne remained at $5.50 in an exchange of 100 shares, Endeavour Holdings gained 75 cents to close at a 52 weeks’ high of $18.75 with traders dealing in 100 stock units. First Citizens Group ended at $41.75 as investors exchanged 302 stocks, GraceKennedy rose 4 cents to finish at $3.74 in trading 12 units, Guardian Media lost 1 cent and ended at $1.13 after an exchange of 500 shares. JMMB Group advanced 1 cent in closing at $1.06 with a transfer of 37 units, L.J. Williams B share rallied 3 cents to end at 71 cents after 500 stocks were traded, Massy Holdings slipped 2 cents to close at $3.86 with an exchange of 61,634 stock units. National Enterprises sank 1 cent to $2.75 after 410 shares passed through the market, National Flour Mills remained at $1.70 in an exchange of 6,864 stocks, NCB Financial ended at $2.39 with a transfer of 40,000 stock units, 
Prestige Holdings dropped 4 cents to finish at $11.25 with 160 shares changing hands, Republic Financial fell 59 cents to close at $113 after an exchange of 2,430 units. Scotiabank declined 40 cents to $57.10 with investors swapping 2,607 stocks, Trinidad & Tobago NGL added 5 cents to end at $4.75 with 9,430 stock units crossing the market, Trinidad Cement rose 20 cents in closing at $2.50 with 100 shares being traded. Unilever Caribbean ended at $11.30 and closed with an exchange of 2,639 units and West Indian Tobacco rallied 3 cents and ended at $5.54 with 16,383 stocks clearing the market.
The market closed with trading of 455,330 shares for $3,025,118 compared to 428,889 stock units at $1,817,483 on Friday. An average of 26,784 shares were traded at $177,948 compared with 21,444 units at $90,874 on Friday, with trading for the month to date ending with an average of 22,219 shares at $109,908 compared to 21,603 units for $100,727 on the previous day and an average for December of 19,548 shares at $423,231.
At the close, Angostura Holdings remained at $14.85 with trading of 67 stocks, Ansa McAl slipped 22 cents to end at $59.55 with the trading of 520 shares. Calypso Macro Investment Fund ended at $23.67 in switching ownership of 298 stock units, CIBC Caribbean Bank closed at $8.25 as investors exchanged 91,035 shares, Eric Solis Marketing rose 1 cent to finish at record high of $4.26 after an exchange of 12 units, First Citizens Group gained 25 cents and ended at $41.75 in trading 4,264 stocks. GraceKennedy popped 5 cents to $3.75 after a transfer of 12,469 units, L.J. Williams B share slipped 2 cents and ended at a 52 weeks’ low of 68 cents with investors dealing in 1,700 stock units, Massy Holdings remained at $3.90 with a transfer of 55,635 shares. National Enterprises ended at $2.77 after an exchange of 500 stocks, 
National Flour Mills shed 4 cents to finish at $1.66 with investors trading 5,100 units, Prestige Holdings slipped 5 cents to close at $11.25 in an exchange of 1,572 stock units. Republic Financial increased 1 cent to $113.60 with traders dealing in 2,867 shares, Scotiabank rose 9 cents to close at $57.10 after an exchange of 1,977 units, Trinidad & Tobago NGL skidded 3 cents to finish at $4.70 with investors trading 270,114 stocks. Trinidad Cement remained at $2.50 with 2,200 stock units crossing the market and Unilever Caribbean fell 2 cents in closing at $11.30 with investors swapping 5,000 shares.
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.