Decline in the prices of financial stocks, with significant losses, weighed down the Trinidad and Tobago Stock Exchange this week, with 9 stocks losing and 6 gaining. The week closed with the All Trinidad and Tobago Index and the Combined Index declining.
The average PE ratio of the market closed at 7.74 based on 2023 earnings and 5.67 based on estimates of the 2024 earnings. The difference illustrates the market’s current undervalued level and the potential gains ahead.
In a week that ended with few stocks posting notable gains. Angostura Holdings rose by just 25 cents to $14.25 and Unilever rallied by 18 cents to close at $11.18. Ansa Merchant Bank dropped $1.50 to close at $40, Republic Holdings slipped $1.09 to end the week at a 52 weeks’ low of $112.05, Scotiabank fell $1 to $55 and Ansa McAl lost $1.35 in closing at $56.
Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank which could gain 200 percent, the severely undervalued Guardian Holdings, with a 430 percent potential, Republic Holdings at 140 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 340 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 290 percent.
The market closed with trading of 98,458 shares valued at$1,961,543 compared to 426,040 stock units at $2,568,765 on Thursday.
Ansa Merchant Bank remained at $40 after an exchange of 770 stock units, First Citizens Group rose 16 cents to close at $41.56 with investors dealing in 7,016 shares, GraceKennedy sank 10 cents to end at $3.50 after the trading of 5,142 units. Guardian Holdings declined 1 cent in closing at $14.85 in switching ownership of 3,120 stocks, Guardian Media sank 10 cents to a 52 weeks’ low of $1 with traders dealing in 166 stock units, JMMB Group dipped 1 cent and ended at $1.10 after 10 shares passed through the market. L.J. Williams B share ended at 81 cents with investors trading just 2 units, Massy Holdings lost 1 cent to close at $3.89 with 41,131 stocks changing hands, National Enterprises advanced 16 cents to end at $2.66 with a transfer of 70 stock units. NCB Financial remained at $2.35 after an exchange of 30 shares, 
One Caribbean Media ended at $2.85 with investors trading 7,522 units, Prestige Holdings popped 1 cent and ended at $11.30 in an exchange of 2,928 stocks. Republic Financial slipped 85 cents in closing at a 52 weeks’ low of $112.05 with 6,225 stock units clearing the market, Scotiabank rallied 90 cents to close at $55 in trading 9,211 shares, Trinidad & Tobago NGL remained at $4.05 with an exchange of 6,613 stock units and West Indian Tobacco ended at $5.44 after a transfer of 174 units.
The market closed with 9,258,988 shares trading for $109,778,942 up from 7,555,395 stock units valued at $61,391,837 on Wednesday.
At the close of trading, AS Bryden fell 95 cents to $28 with traders dealing in 510 stock units, Berger Paints dropped 81 cents to $7.15 after investors exchanged 10,791 shares, Caribbean Cement rallied 66 cents in closing at $83.98 as 3,864 stocks were traded. Eppley Caribbean Property Fund popped $1 to finish at $36 as 287 units passed through the market, First Rock Real Estate sank 50 cents to $8.52 with investors trading 2,412 shares, General Accident slipped 80 cents to close at $5 with 500,016 stocks crossed the market. GraceKennedy climbed 37 cents to $73.50 after investors ended trading 12,289 units, Guardian Holdings sank $14 to close at $289 after a transfer of 29 stock units, Jamaica Producers dipped 84 cents to end at $22 with investors trading 37,392 shares. Kingston Properties lost 50 cents in closing at $9 with 4,593 stocks clearing the market, Kingston Wharves skidded $1.30 and ended at $26.60 in an exchange of 1,482,888 units, Lasco Manufacturing rose 39 cents to finish at $7.50 after 88,399 stock units crossed the market. Margaritaville declined 47 cents and ended at $15.53 after an exchange of 1,004 shares, 
Massy Holdings shed $2.97 to close at $78 with a transfer of 100,000 stocks, Mayberry Jamaican Equities advanced 58 cents to finish at $10 after an exchange of 1,000 units. NCB Financial lost 62 cents in closing at an eight and a half year low of $43.78 with investors dealing in 246,064 stock units, Pan Jamaica gained $1.70 to end at $53.20 with 6,258 shares switching owners and Stanley Motta increased 75 cents to close at $6.75 with 122 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 16,335,753 shares for $38,362,973 compared with 39,456,958 units at $223,895,604 on Wednesday.
At the close of trading, the Junior Market Index popped by a mere 0.18 points to settle at 3,462.43. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
ISP Finance rose $2.52 to $19.52 after hitting a 52 weeks’ intraday low of $16.01 with investors swapping 8,844 shares, Mailpac Group slipped 10 cents to finish at $2.37 with an exchange of 190,170 stock units, Main Event sank 29 cents and ended at $10.71 with 20,057 shares crossing the market. Omni Industries skidded 8 cents in closing at 92 cents with traders dealing in 22,992 stock units, Paramount Trading advanced 8 cents to close at $1.10 with 8,696 stock units crossing the market and Regency Petroleum dipped 7 cents to end at $3.08 with a transfer of 121,924 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
an additional 750 million shares with a total consideration of $8.82 billion and resulted in a 36 percent oversubscription.
The market closed with trading of 426,040 shares for $2,568,765 up sharply from 64,916 stock units at $470,799 on Wednesday. An average of 23,669 shares were traded valued at $142,709 compared with 3,606 units at $26,156 on Wednesday. Trading for the month to date ended with an average of 17,031 shares at $100,808 compared with 16,493 units at $97,415 on the previous day and an average for February of 22,005 shares at $200,032.
National Flour Mills lost 8 cents to end at $1.61 with traders dealing in 2,000 units, NCB Financial ended at $2.35 in an exchange of 25,848 stock units. Prestige Holdings dipped 1 cent to $11.29 with investors dealing in 630 shares, Republic Financial sank 13 cents to end at $112.90 after a transfer of 2,665 units, Scotiabank skidded $1.40 and closed at $54.10 in trading 1,202 stocks. Trinidad & Tobago NGL rose 3 cents to $4.05 with 4,103 stock units crossing the market, Unilever Caribbean fell 1 cent and ended at $11.18 with an exchange of 1,000 shares and West Indian Tobacco remained at $5.44 in trading of 8,887 stocks.
At the close of a day of slow trading, Berger Paints rallied 81 cents to end at $7.96 with an exchange of 722 stock units, Caribbean Cement skidded 68 cents to $83.32 with 2,634 shares passing through the market, Eppley Caribbean Fund sank 73 cents to close at $35 in trading 224 units. First Rock Real Estate rose 50 cents to finish at $9.02 in an exchange of 7,472 stocks, Guardian Holdings jumped with a $12 gain and ended at $303 with investors trading 184 units, Jamaica Broilers dipped $1.70 in closing at $33.60 with 38,485 stocks crossing the market. Jamaica Producers sank $1 to $22.84 in trading 222 shares, Kingston Properties lost 40 cents in closing at $9.50 with 136 stock units crossing the market, Lasco Manufacturing dropped 38 cents to end at $7.11 with investors swapping 139,993 shares. Margaritaville popped 75 cents to close at $16 with 7,010 stocks clearing the market, Massy Holdings climbed $1.66 and ended at $80.97 with an exchange of 348,865 units, Mayberry Jamaican Equities fell 58 cents to finish at $9.42 after 4,504 stock units changed hands.
Pan Jamaica increased $1.50 to $51.50 with a transfer of 16,050 shares, Scotia Group slipped 99 cents to end at $56.01 after an exchange of 48,091 stocks, Seprod advanced $2.55 in closing at $89.90 with investors trading 2,725 units. Stanley Motta shed 85 cents and ended at $6 in an exchange of 9,506 stocks and Sygnus Credit Investments popped 64 cents to close at $12.70 with traders dealing in 16,917 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 39,456,958 shares that are worth $223,895,604, sharply up on the 13,087,289 units at $13,862,015 on Tuesday.
At the close of trading, the Junior Market Index fell 10.38 points to finish at 3,462.25, down 7.3 percent for the year to date. The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and three with lower offers.
Future Energy rose 9 cents to close at $3.15 with 36,510 stocks passing through the market, in contrast to the moderate price changes today, Knutsford Express dropped $1.60 to end at $12.02 in an exchange of 10,413 stock units. Paramount Trading fell 8 cents to close at $1.02 with trading in 10,470 shares, Regency Petroleum rallied 17 cents to $3.15 as investors exchanged 7,010 stock units and Tropical Battery sank 8 cents to finish at $2.37 after a transfer of 71,824 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 64,916 shares worth $470,799 well below the 518,812 stock units at $2,126,960 on Tuesday.
t the close of trading, Agostini’s ended at $68 after an exchange of 40 stocks, Angostura Holdings rose 25 cents to $14.25 in trading 1,063 shares, Ansa McAl ended at $57 with 14 stock units crossing the market. Ansa Merchant Bank skidded 50 cents to close at $39.50 with investors trading 50 stocks, Calypso Macro Investment Fund ended at $25 in an exchange of 50 shares, CIBC Caribbean Bank ended at $8.10 after the trading of 4,200 units. First Citizens Group remained at $41.39 with 2,071 stocks crossing the market, GraceKennedy sank 9 cents to $3.60 with investors trading 80 stock units, Guardian Holdings gained 1 cent to end at $14.86 with 700 shares changing hands. JMMB Group ended at $1.11 with traders dealing in 38,169 stocks, Massy Holdings popped 3 cents to close at $3.93 after an exchange of 261 units, National Enterprises ended trading at $2.66 with a transfer of 7,029 stock units. 
Prestige Holdings remained at $11.30 after closing with an exchange of 1,374 shares, Republic Financial climbed 3 cents in closing at $113.03 after a transfer of 1,097 stock units, Scotiabank remained at $55.50 with investors swapping 1,466 stocks. Trinidad & Tobago NGL shed 48 cents and ended at $4.02 in an exchange of 2,461 units, Trinidad Cement declined 5 cents to close at $2.35 after 10 stocks passed through the market and West Indian Tobacco lost 6 cents to end at $5.44 in switching ownership of 4,781 units.
The market closed with 10,196,021 shares trading for $61,375,187 compared with 14,777,464 stock units at $61,524,284 on Monday.
At the close of the market, AS Bryden gained 95 cents to finish at $28.95 with 32 units crossing the market, Berger Paints skidded 80 cents and ended at $7.15 with an exchange of just 54 stocks, Eppley Caribbean Property Fund popped 85 cents to $35.73 after a mere 3 shares were traded, Guardian Holdings fell $12 to close at $291 with just 149 stocks being traded, Jamaica Broilers dipped $1.69 to end trading at $35.30 with investors swapping 12,331 shares, Kingston Wharves advanced 50 cents to close at $28 with 10,199 stocks crossing the exchange. Margaritaville rose 52 cents to $15.25 with investors trading 329 units, Massy Holdings lost $2.19 to close at $79.31 with 183,055 stock units crossing the market, Mayberry Jamaican Equities climbed 58 cents to end at $10 as investors exchanged 607 shares. NCB Financial slipped 55 cents to close at a 52 weeks’ low of $44.45 in trading 65,397 stock units, Pan Jamaica sank $1.25 and ended at $50 after a transfer of 101,000 stocks, 
Proven Investments shed $1.49 to finish at $17.23 trading 18,342 units. Sagicor Real Estate Fund increased 40 cents and ended at $8.40 with 608 shares switching owners, Scotia Group declined 50 cents to $57 after an exchange of 238,889 stock units and Stanley Motta rallied 45 cents in closing at $6.85 with 500 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.