Stocks remained fairly stable in the second week of the new year, with the market indices slipping, with the All Trinidad Index closing 1.1 percent lower for the week and the Composite index 0.7 percent lower with prices of just 3 stocks rising and 11 declining compared with 6 rising and 8 declining last week.
The average PE ratio of the market, closed at 7.62, based on 2023 earnings compared to 5.45 based on 2024 projected earnings, with the difference graphically illustrating the market’s current undervalued level and by extension the upside potential ahead.
In a week when price movements were mostly moderate, the financial sector suffered the most notable price falls, with First Citizens Bank declining $1.40 in closing at $41.50, Republic Holdings lost 41cents to close at $113.59 and Scotiabank dropped $1.99 to $57.01. At the same time, Agostini’s lost 60 cents to close at $66.90.
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 160 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 300 percent. Eric Solis with a 100 percent potential gain and One Caribbean Media with 300 percent.
Investors should watch Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with a potential gain of 230 percent.
The market closed with the trading of 8,555,361 shares with a value of $62,855,712 down from 27,432,042 stock units valued at $280,889,896 on Thursday.
The Main Market ended trading with an average PE Ratio of 15.6. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Proven Investments sank 42 cents to $19 as investors traded 1,014 stocks, Sagicor Group shed 38 cents and ended at $40.60 with 28,379 stock units crossing the market, Scotia Group advanced $1.30 to close at $52 with 415,924 shares switching owners. Seprod declined 70 cents to $85 with traders dealing in 36,298 stock units and Wisynco Group fell 48 cents to finish at $21.02 with 95,659 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The Junior Market ended trading with an average PE Ratio of 13, based on the last traded prices and with earnings projected by ICInsider.com for financial years ending around August 2025.
Jamaican Teas shed 7 cents to finish at $2.07 as investors exchanged 43,737 units, Lasco Financial climbed 7 cents to end at $1.50 in trading 180,519 stocks, Main Event sank 84 cents to close at $12 after an exchange of 4,182 stock units. Medical Disposables declined 13 cents to $1.67 with investors dealing in 10,383 shares, ONE on ONE Educational gained 8 cents to finish at 97 cents after exchanging 123,583 stock units, Stationery and Office Supplies lost 8 cents and ended at $1.50 with traders dealing in 21,224 stocks and tTech popped 25 cents to close at $2 after an exchange of only four units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 428,889 shares for $1,817,483 up from 106,109 stocks at $1,093,671 on Thursday. An average of 21,444 shares were traded at $90,874 much more than the 6,632 units at $68,354 on Thursday, with trading month to date averaging 21,603 shares at $100,727 compared with 21,633 units at $102,587 on the previous day and an average for December of 19,548 shares at $423,231.
At the close of market activity, Agostini’s fell 54 cents to close at $66.90 after 100 stock units passed through the market, Angostura Holdings ended at $14.85 with investors trading 113 shares, Ansa McAl remained at $59.77 after an exchange of 1,111 stock units. Ansa Merchant Bank remained at $40 with investors trading just one unit, Calypso Macro Investment Fund ended at $23.67 in an exchange of 290 stocks, CIBC Caribbean Bank advanced 14 cents and ended at $8.25 in trading 578 units. First Citizens Group remained at $41.50 with 4,725 shares crossing the exchange, GraceKennedy dipped 1 cent to close at $3.70 in trading 1,260 stock units, JMMB Group rose 2 cents and ended at $1.10 after an exchange of 138,408 shares. Massy Holdings ended at $3.90 and closed with 47,508 units changing hands, National Enterprises remained at $2.77 as investors traded 88 stocks, NCB Financial ended at $2.39 after a transfer of 42,035 stock units. One Caribbean Media ended at $2.99 with traders dealing in 157,620 shares, Point Lisas lost 8 cents to close at $3.20 with 800 units clearing the market, 
Prestige Holdings remained at $11.30 in an exchange of 188 stocks. Republic Financial gained 9 cents to close at $113.59 with 3,845 stock changing hands, Scotiabank skidded 99 cents to finish at $57.01 with a transfer of 278 shares, Trinidad & Tobago NGL slipped 2 cents to end at $4.73 with 4,450 units passing through the market. Unilever Caribbean popped 5 cents in closing at $11.32 in switching ownership of 467 stocks and West Indian Tobacco remained at $5.55 after 25,024 stock units passed through the market.
QWI Investments traded at a 52 weeks’ closing high of 98 cents and AS Bryden and Sons traded at an intraday 50 weeks’ low of $29.01.
The Main Market ended trading with an average PE Ratio of 15.1. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Mayberry Jamaican Equities advanced 44 cents and ended at $11.80 in trading 693 shares, Pan Jamaican sank $5.62 to $51.02 with 753 stock units being traded, Sagicor Group gained $3.33 to finish at $40.98 in an exchange of 1,004,314 stocks. Scotia Group shed $1.30 to close at $50.70 with traders dealing in 56,885 units, Seprod rose $1.30 to close at $85.70 after a transfer of 1,706 shares and Supreme Ventures declined 41 cents to end at $22.59 with 64,867 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 79,247,636 shares with a value of $146,127,867 in contrast with 11,716,187 units at $25,697,210 on Wednesday. Trading averaged 1,801,083 shares at $3,321,088 compared with 266,277 stocks at $584,028 on Wednesday with the month to date, averaging 453,576 units at $881,534 compared to 188,888 stock units at $402,336 on the previous day and with an average of 326,483 shares at $898,324 in December.
At the close of trading, the Junior Market Index advanced a mere 0.85 points to close at 3,680.30. The Investor’s Choice bid-offer indicator shows just one stock ended with a bid higher than the last selling price and five with lower offers.
Dolphin Cove dropped 10 cents to close at $19.40 after an exchange of 5,310 stock units, Elite Diagnostic shed 14 cents to end at $1.79 with 58,067 shares traded, Fosrich lost 10 cents to close at $2.20 in an exchange of 130,530 units. Future Energy rose 10 cents to $3.55 with investors swapping 17,367,183 stocks, Indies Pharma dipped 14 cents and ended at $3.50 after a transfer of 11,671 stock units, Iron Rock Insurance fell 30 cents in closing at $4 as investors exchanged 19,503 shares. Knutsford Express rallied 45 cents to end at $13 with 23,628 stock units switching owners, Lumber Depot skidded 9 cents to finish at $2.60 with 6,034,333 units crossing the market, Medical Disposables increased 10 cents to close at $1.80 in an exchange of 10,622,763 stocks. ONE on ONE Educational sank 9 cents to 89 cents with investors dealing in 15,349 units, Spur Tree Spices declined 10 cents to close at $1.84 with a transfer of 808 stocks and tTech climbed 17 cents to $1.75 with 6,000 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 106,109 shares with a value of $1,093,671 compared to 130,134 stocks amounting to $926,287 on Wednesday. An average of 6,632 shares were traded at $68,354 compared with 7,230 stock units at $51,460 on Wednesday, with trading month to date versus an average of 19,548 shares for $423,231 in December.
At the close, Agostini’s remained at $67.44 with 74 shares crossing the market, Ansa McAl ended at $59.77 with an exchange of 164 stock units, Endeavour Holdings ended at $18 with 100 shares changing hands. First Citizens Group closed trading at $41.50 with investors swapping 2,878 stocks, GraceKennedy closed at $3.71, following a transfer of 10 shares, Guardian Media slipped 5 cents to close at $1.15 after 8,375 units passed through the market. JMMB Group increased 1 cent to $1.08 after an exchange of 3,668 stocks, Massy Holdings ended at $3.90 with 54,512 stock units, National Enterprises climbed 7 cents in closing at $2.77 with investors trading 100 shares clearing the market.
National Flour Mills ended at $1.70 with 2,650 units crossing the exchange, Prestige Holdings remained at $11.30 after the trading of 19 stocks, Republic Financial ended at $113.50 in switching ownership of 2,395 stock units. Scotiabank sank $1.90 to $58 after investors ended trading 5,284 shares, Trinidad & Tobago NGL remained at $4.75 with 500 units changing hands, Unilever Caribbean remained at $11.27 in trading 460 stocks and West Indian Tobacco ended at $5.55 after a transfer of 24,920 stock units.
The market closed with the trading of 8,067,093 shares at $79,460,205, well below the 26,059,234 stock units at $82,370,790 on Tuesday. Trading averaged 136,730 shares at $1,346,783 compared to 420,310 stocks at $1,328,561 on Tuesday and month to date, an average of 252,094 units at $1,358,557, down from 279,650 shares at $1,361,369 on the previous day and December with an average of 967,720 stock units at $18,390,902.
The Main Market ended trading with an average PE Ratio of 14.6. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
GraceKennedy popped $2.90 and ended at $77.90 with a transfer of 23,486 units, Jamaica Producers skidded 65 cents to $24 to close with the trading of 24,118 stock units, Mayberry Jamaican Equities fell 45 cents to end at $11.36 with 402 shares switching owners. Pan Jamaica rallied $5.64 to close at $56.64 with traders exchanging 3,421 units, Sagicor Group dropped $2.35 to finish at $37.65 in an exchange of 20,207 stocks, Scotia Group sank $2 to close at $52 after the trading of 22,322 stock units. Supreme Ventures rose 82 cents to $23 after an exchange of 5,502 shares and Sygnus Credit Investments gained 50 cents to close at $12.90 with investors trading 17,783 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 11,716,187 shares for $25,697,210 up from 5,037,785 stock units at $8,485,415 on the previous day. Trading averaged 266,277 shares at $584,028 compared to 117,158 stocks for $197,335 on Tuesday with a month to date average of 188,888 units at $402,336, up from 169,970 stock units at $357,922 on the previous day and December with an average of 326,483 shares at $898,324.
The Junior Market ended trading with an average PE Ratio of 13, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Future Energy sank 10 cents to close at $3.45 after a transfer of 3,740,965 shares. Honey Bun rose 20 cents and ended at $8.47 with traders dealing in 18,871 stock units, Jetcon Corporation advanced 12 cents to finish at $1.20 in an exchange of 46,221 stocks, KLE Group shed 20 cents to end at $1.10 to close at 5,181 units. Lumber Depot popped 32 cents to $2.69 with investors trading 2,630 shares, Mailpac Group increased 8 cents to close at $2.69 with an exchange of 60,325 units, Main Event climbed $1.99 to close at $12.80 with 962 stocks clearing the market. Regency Petroleum rose 9 cents and ended at $3.19 with investors trading 107,618 stock units, Spur Tree Spices gained 12 cents to end at $1.94 with 72,051 shares crossing the market and tTech dropped 19 cents to finish at $1.58 with investors swapping 6,004 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 130,134 shares valued at $926,287, sharply down from 1,104,846 stock units at $3,237,605 on Tuesday. Trading resulted in an average of 7,230 shares at $51,460 compared with 55,242 units at $161,880 on Tuesday, with trading month to date averaging 24,300 stock units at $108,673 compared with 28,568 units at $122,981 on the previous day and an average for December of 19,548 shares at $423,231.
CIBC Caribbean Bank remained at $8.11 in trading 2,000 stock units, First Citizens Group ended at $41.50 with 973 shares clearing the market, GraceKennedy ended at $3.71 as investors exchanged 144 stock units. Guardian Holdings remained at $15 with 5,127 units crossing the market, JMMB Group remained at $1.07 after a transfer of 5 stock units, L.J. Williams B share lost 5 cents to close at a 52 weeks’ low of 70 cents with traders dealing in 4,565 shares. Massy Holdings sank 9 cents to finish at $3.90 in an exchange of 107,096 stock units, National Enterprises fell 7 cents and ended at $2.70 with investors trading 575 units, One Caribbean Media popped 17 cents to end at $2.99 with 50 stocks changing hands. 
Prestige Holdings ended at $11.30 after 1,000 units were traded, Republic Financial skidded 10 cents to end at $113.50 as 2,141 stock units passed through the market, Scotiabank gained 90 cents and closed at $59.90 with an exchange of 75 shares. Trinidad & Tobago NGL ended at $4.75 with 873 stock units crossing the market, Unilever Caribbean rose 1 cent and ended at $11.27 with investors swapping 543 shares and West Indian Tobacco remained at $5.55 with a transfer of 50 stocks.