EduFocal’s Junior Market Volume Leader


EduFocal, the distressed Junior Market company commanded 42 percent of the day’s volume at the close of the Jamaica Stock Exchange on Tuesday, with trading ending with a 31 percent rise in the volume of stocks traded with a 42 percent lower value than Monday with trading in all 48 listed securities as was the case on Monday and ended with moderate gains for the 10 rising stocks, with the 21 declining posting big losses as the market closed with 17 ending unchanged.

The market closed with trading of 5,232,080 shares for $6,551,817 compared with 3,978,976 units at $11,386,078 on Monday.
Trading closed with an average of 109,002 shares for $136,496 compared with 82,895 stocks at $237,210 on Monday with the month to date, ending with an average of 525,041 stock units at $1,637,705 compared to 596,875 stocks at $1,896,907 on Tuesday and November with an average of 309,920 shares at $766,307.
EduFocal led trading with 2.19 million shares for 41.9 percent of total volume followed by Dolla Financial with 537,502 units for 10.3 percent of the day’s trade and RA Williams with 515,793 stock units for 9.9 percent market share.
At the close of trading, the Junior Market Index sank 30.94 points to finish at 3,659.41. The Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
The Junior Market ended trading with an average PE Ratio of 12.9, based on the last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, Caribbean Flavours gained 8 cents to close at $1.28 with 2,237 stock units changing hands, Derrimon Trading dipped 15 cents to $1.85 with traders dealing in 28,878 shares, Dolphin Cove fell 91 cents and ended at $18.53 in an exchange of 6,971 units. Elite Diagnostic popped 7 cents to close at $2.02 with 53,375 stocks crossing the market, Everything Fresh declined 13 cents to end at $2.10 with investors swapping 60,011 shares, Fontana shed 26 cents to finish at $8.02 with a transfer of 22,094 stock units. Fosrich dropped 7 cents to $2.08 with trading of 173,122 stocks, Future Energy sank 10 cents to close trading at $3.70 with 63,110 units passing through the market, GWest Corporation advanced 7 cents to end at 98 cents after an exchange of a mere 33 shares. ISP Finance slipped $3.93 to close at $19.99 with investors dealing in just 10 units, KLE Group rose 12 cents to finish at $1.29 in an exchange of a mere 12 stocks, Mailpac Group slipped 8 cents and ended at $2.60 with 28,715 stock units crossing the market. Regency Petroleum skidded 15 cents to $2.96 with 46,616 shares switching owners, Spur Tree Spices climbed 11 cents to close at $1.94 with 103,476 stocks clearing the market and Stationery and Office Supplies lost 8 cents to close at $1.46 and ended with an exchange of 16,293 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated. 

Gains for Trinidad Stock Exchange


Rising stocks pushed the Trinidad and Tobago Stock Exchange higher at the close of trading on Tuesday, with the volume of shares traded declining 82 percent and valued 97 percent less than on Monday, resulting from 16 securities changing hands compared with 21 on Monday and ending with prices of five rising, two declining and nine ending firm.

The market closed with trading of 99,628 shares for $947,796 down from 543,710 stock units at $36,176,328 on Monday. An average of 6,227 shares were traded at $59,237 compared with 25,891 units at $1,722,682 on Monday, with trading month to date averaging 17,199 shares at $389,555 compared with 18,639 units at $369,555 on the previous day and an average for November of 25,044 shares at $171,335.
The Composite Index climbed 1.68 points to conclude trading at 1,071.06, the All T&T Index rose 3.24 points to finish at 1,561.38, the SME Index remained at 92.52 and the Cross-Listed Index closed firm at 76.47.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of market activity, Agostini’s gained $3 to close at $68 with investors trading 90 stock units, Angostura Holdings ended at $14.85 with 36 shares crossing the exchange, Ansa McAl sank $2.80 and ended at $59.80 with investors trading 557 stocks. First Citizens Group ended at $42 after a transfer of 1,311 units, GraceKennedy ended at $3.59 with investors swapping 10,000 stocks, Guardian Holdings popped 10 cents to end at $14.50 in an exchange of 1,277 units. JMMB Group remained at $1.08 with 600 shares crossing the market, Massy Holdings advanced 1 cent in closing at $3.84 with a transfer of 25,019 stock units, National Flour Mills remained at $1.70 with investors dealing in 11,500 shares.  NCB Financial rose 1 cent to end at $2.39 with 9,310 units changing hands, Prestige Holdings ended at $11.30 with investors trading 5 stocks, Republic Financial declined 50 cents and ended at $113 in an exchange of 578 stock units. Scotiabank ended at $55.95 with traders dealing in 6,305 shares, Trinidad & Tobago NGL remained at $4.70 after an exchange of 16,765 stocks, Unilever Caribbean rallied 4 cents and ended at $11.25 in trading 13,000 units and West Indian Tobacco remained at $5.55 and closed with 3,275 stock units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market closes higher


Following the sizable123 million shares trade in Express Catering on Friday, trading returned to more recent subdued levels on Monday on the Junior Market of the Jamaica Stock Exchange, with a 97 percent decline in the value and the volume of stocks traded, from activity on Friday with trading in all 48 securities down from 45 on Friday and ending with prices of 21 rising, 20 declining and seven closing unchanged.

The market finished trading in 3,978,976 shares for $11,386,078 down from 127,010,636 units at $430,363,473 on Friday. Trading ended with an average of 82,895 shares at $237,210 compared with 2,822,459 stocks at $9,563,633 on Friday with the month to date, averaging 596,875 stock units at $1,896,907 compared to 704,140 stock units at $2,243,278 on the previous day and November with an average of 309,920 shares at $766,307. Dolla Financial led trading with 706,006 shares for 17.7 percent of total volume followed by Indies Pharma with 492,394 units for 12.4 percent of the day’s trade and RA Williams with 469,363 stock units for 11.8 percent market share. At the close of trading, the Junior Market Index advanced 24.31 points to settle at 3,690.35. The Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers. 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. At the close of market activity, Access Financial rallied 62 cents to close at $18.12 after a transfer of a mere 7 stocks, CAC 2000 dipped 13 cents to $2.30 in trading 177 units, Caribbean Flavours sank 12 cents to $1.20 after 46,784 shares were traded. Consolidated Bakeries rose 15 cents to close at $2.10 with 1,438 units changing hands, Derrimon Trading popped 18 cents to finish at $2 with just 118 shares changing hands Elite Diagnostic slipped 10 cents and ended at $1.95 in trading 30,679 stocks. Everything Fresh advanced 13 cents to $2.23 with 5,107 units crossing the market, Express Catering lost 19 cents and ended at $3.30 with an exchange of 46,961 stock units, Fontana rose 12 cents to close at $8.28 and closed with 418,303 shares changing hands. Future Energy rallied 10 cents to end at $3.80 in an exchange of 108,175 units, GWest Corporation declined 7 cents to close at 91 cents with 473 stocks clearing the market, Indies Pharma gained 9 cents to finish at $3.39 after an exchange of 492,394 stock units. KLE Group rose 16 cents and ended at $1.17 with investors trading 222 shares, Knutsford Express rallied 39 cents to $12.99 as 7,154 stock units crossed the exchange, Lasco Financial popped 10 cents to end at $1.64 with 4,455 units switching owners. Mailpac Group gained 8 cents to close at $2.68 as investors exchanged 55,907 stock units, Medical Disposables increased 7 cents to close at $2.05 with a transfer of 15,418 shares, Paramount Trading climbed 19 cents to finish at $1.24 with investors swapping 15,376 stock units and Stationery and Office Supplies advanced 8 cents to $1.54 in an exchange of 21,050 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Wigton heads JSE Main Market trading


Wigton Energy continues to head the stocks trading on the Main Market of the Jamaica Stock Exchange on Monday with 39 percent of the total volume traded, with the volume of stocks traded on the Main Market declining by 97 percent and the value 98 percent lower than on Friday, following the heavy trading in Caribbean Producers on Friday, with trading on Monday of 58 securities compared with 61 on Friday, with prices of 14 rising, 30 declining and 14 ending unchanged.

The market closed with 10,262,101 shares being traded at $55,570,628 down sharply from 360,771,729 stock units at $2,997,444,792 on Friday, with the absence of sizable trades to substitute for Caribbean Producers’ big trades on Friday. Trading averaged 176,933 shares at $958,114 compared to 5,914,291 stocks at $49,138,439 on Friday and month to date, an average of 1,268,407 stock units at $9,928,942 compared with 1,480,131 shares at $11,669,103 on the previous day and November with an average of 286,669 stock units at $2,555,172.
Following the Wigton Energy trades Transjamaican Highway was next with 2.07 million units for 20.2 percent of the day’s trade and Sterling Investments with 758,035 stock units for 7.4 percent market share.
The All Jamaican Composite Index climbed 1,165.36 points to 368,572.07, the JSE Main Index advanced 583.08 points to end at 320,366.24 and the JSE Financial Index popped 0.47 points to end the day at 65.04. The Investor’s Choice bid-offer indicator shows 16 stocks ended with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 14.7. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close, AS Bryden skidded 40 cents to $30.55 with an exchange of 645 stock units, Barita Investments advanced $1.20 and ended at $74.70 with 3,563 units clearing the market, Caribbean Cement sank $1 to finish at $79 with trading in 3,897 shares. General Accident lost 83 cents to close at $5.55 with 837 stock units crossing the market, GraceKennedy dipped 50 cents to end at $76.50 after a transfer of 43,158 shares, Guardian Holdings fell $3 to close at $310 after 20,585 units changed hands. Jamaica Broilers popped 40 cents to $37.40 with investors swapping 9,449 stocks, Jamaica Producers shed 90 cents to finish at $23.75 with 460 stock units crossing the market, the Jamaica Stock Exchange share climbed 51 cents and ended at $13.99 with investors trading 45,315 shares. NCB Financial declined 50 cents in closing at $50 with 181,719 stocks switching owners, Scotia Group sank $1.75 to close at $46 with investors dealing in 43,584 stock units and Wisynco Group increased 50 cents to end at $21.50 after 56,954 stock units passed through the market
In the preference segment, Jamaica Public Service 7% gained 50 cents to $45 with traders dealing in a mere one share, 138 Student Living preference share dropped $34.19 to end at $220 as investors exchanged 118 stock units and Sygnus Credit Investments C10.5% rose $1 in closing at $105 with the trading of 10 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trinidad Exchange damaged by falling stocks  


Stocks ended with mostly losses on the Trinidad and Tobago Stock Exchange on Monday, resulting from trading in 21 securities, up from 19 on Friday and ending with prices of three rising, nine declining and nine ending firm, with the volume of stocks traded rising 586 percent valued 2,172 percent more than on Friday.

The market closed with trading of 543,710 shares with the value jumping to $36,176,328 up sharply from just 79,232 stock units at $1,591,952 on Friday. An average of 25,891 shares were traded at $1,722,682 up from just 3,967 units at $78,598 on Friday, with trading month to date averaging 18,638 shares at $432,876 compared with 17,130 units at $164,698 on the previous day and an average for November of 25,044 shares at $171,335.
The Composite Index shed 9.29 points to close trading at 1,069.38, the All T&T Index dropped 13.64 points to wrap up trading at 1,558.14, the SME Index remained at 92.52 and the Cross-Listed Index fell 0.65 points to conclude trading at 76.47.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, Angostura Holdings remained at $14.85 with 1,058 stocks clearing the market, Ansa McAl lost 30 cents to close at $62.60 with investors swapping 545 units, Ansa Merchant Bank ended at $39.50 with 276 shares crossing the market.  Calypso Macro Investment Fund popped 7 cents to close at $23.67 in switching ownership of 10 stock units, CIBC Caribbean Bank dropped 20 cents to finish at $8.55 with 20,341 shares changing hands, First Citizens Group remained at $42 with traders dealing in 4,839 stock units. GraceKennedy ended at $3.59 and closed with 140,000 stocks changing hands, Guardian Holdings ended at $14.40 with 4,420 stocks crossing the market, L.J. Williams A share increased 1 cent to end at a 52 weeks’ high of 22 cents with investors dealing in 12,240 units. L.J. Williams B share fell 1 cent in closing at a 52 weeks’ low of 80 cents after an exchange of 2,733 shares, Massy Holdings skidded 1 cent to finish at $3.83 in trading 35,944 stock units, National Enterprises sank 1 cent to close at $2.79 after an exchange of 3,532 stocks. National Flour Mills remained at $1.70 with investors trading 1 unit, NCB Financial declined 1 cent to finish at $2.38 in an exchange of 140 shares, One Caribbean Media shed 17 cents and ended at $2.82 with investors trading 512 stock units. Prestige Holdings ended at $11.30 following a transfer of 263 stocks, Republic Financial sank $1.45 in closing at $113.50, with 303,109 units crossing the exchange, Scotiabank remained at $55.95 with a transfer of 10,548 stocks. Trinidad Cement climbed 10 cents in closing at $2.20 as investors exchanged 193 shares and Unilever Caribbean slipped 19 cents to $11.21 after trading 2,994 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

ICTOP10 has lots of goodies for 2025


The Jamaica Stock Exchange, All Jamaica Composite Index fell in the past week, the decline could not erase the big bounce the market enjoyed at the end of the prior week. The Junior Market Index slipped, but it still held on to a fraction of the 63 points it gained in the previous week, resulting in the TOP 10 lists ending with lots of price movements during the week.

Four stocks gained and five fell in the Junior Market TOP10 and the Main Market TOP10 had only one stock gaining and 8 declined.
As was the case in the previous week, Guardian Holdings hold the number one position in all markets and All JSE TOP10 compiled from all listed ordinary stocks on the JSE, with Pulse Investments in the number 2 spot for the Main Market and is not far away from the number one spot. This closeness may be due to uncertainty with the company’s perceived leadership. This list is more exacting than the Junior and Main Market TOP10, with 20 stocks. For a third week, Elite Diagnostics holds the number one spot in the Junior Market followed by AMG Packaging.
In the Junior Market ICTOP10, Elite Diagnostic rose 11 percent to $2.05 and Lumber Depot popped 4 percent higher to $2.70. Access Financial shed 12 percent to close at $17.50, AMG Packaging and Jamaican Teas shed 4 percent to close at $2.76 and $2.13 respectively.
In Main Market ICTOP10 activity, Pulse Investments inched 3 percent higher to $1.19. Key Insurance fell 15 percent to $2.07, followed by JMMB Group and Margaritaville down 4 percent to $21.60 and $14.50 respectively.
The average PE for the JSE Main Market ICTOP 10 stands at 4.8, well below the market average of 14.4 and the Junior Market TOP10 sits at 7.6, more than half the market, with an average of 12.9.
The Main Market ICTOP10 is projected to gain an average of 325 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve a 175 percent gain over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market have PEs between 15 to 108, with an average of 28 and 21 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 11 stocks, 23 percent of the market, with PEs ranging from 15 to 29 with an average of 21 and a PE of 17 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

 Declining Tourist arrivals slow in November

International Terminal Passengers climbed 7.8% at the Kingston’s Norman Manley International Airport in November to 132,800 from 123,200 in the same month in 2023 and for the first 11 months of the year passenger traffic inched 0.5 percent higher to 1.6 million from 1.59 million in 2023, data from Grupo Aeroportuario del Pacífico, operators of the two major international airports in Jamaica disclosed.

Developments for the major tourist entry point into the island continue to be negative, days away from the start of the winter tourist season. For the year to date, traffic declined 2.7 percent to 4.59 million incoming and outgoing passengers from 4.72 million last year, helped by a 7.4 percent drop in November to 373,900 from 403,600 last year. Importantly, the decline has slowed from October, with an 8.8 percent decline and September 11.9 percent.
Some developments were key to the decline, starting in April this year, with a 4.5 percent fall in traffic through Montego Bay. Mentioned was made of travel advisory out of the US market, but importantly, Easter a high level travel time, came in late March in 2024 compared with the start of the second week in April 2023. More importantly, the passage of Hurricane Beryl and continuous rains since and the holding of the elections in the USA would have kept many potential travellers from vacationing until after the high level rains and the November for elections workers.  Importantly, Jamaica was not the only country with falling passenger traffic within the region.

Big trades for Caribbean Producers


Caribbean Producers had 30.4 percent of its float changing ownership on the Main Market of the Jamaica Stock Exchange on Friday as AS Byrden and Sons snapped up 333.4 million shares putting them in control of 75.3 percent of the company pushing trading in the market up by 2,359 percent to 360,771,729 shares with the value surging 1,540 percent to $2,997,444,792 compared with just 14,673,394 stock units at $182,739,456 on Thursday, with trading in 61 securities up from 56 on Thursday, with prices of 25 rising, 22 declining and 14 ending unchanged.

Trading averaged 5,914,291 shares for $49,138,439 up from 262,025 stocks at $3,263,205 on Thursday and month to date, an average of 1,480,131 stocks for $11,669,103 compared with 343,645 shares at $2,065,618 on the previous day and November ending with an average of 286,669 stocks at $2,555,172.
Caribbean Producers the leading stock traded 334.34 million shares for 92.7 percent of the total volume followed by Wigton Energy with 15.03 million stocks for 4.2 percent of the day’s trade, Transjamaican Highway chipped in with 3.15 million units for 0.9 percent market share, Caribbean Cement ended with 1.28 million stock units for 0.4 percent of the market trade, Wisynco Group accounted for 1.15 million shares for 0.3 percent of traded stocks and Kingston Wharves with 1.10 million units for 0.3 percent of total volume.
The All Jamaican Composite Index slipped 406.94 points to end the day at 367,406.71, the JSE Main Index sank 305.65 points to finish at 319,783.16 and the JSE Financial Index fell 0.21 points to finish at 64.57. The Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 14.5. 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.
At the close of the market, Barita Investments lost 50 cents and ended at $73.50 as investors exchanged 28,738 stock units, Berger Paints rose 70 cents to $7.73 with 1,414 shares crossing the market, Caribbean Cement gained $3.45 to finish at a 52 weeks’ high of $80 after an exchange of 1,284,008 stocks. GraceKennedy sank 49 cents to end at $77 with traders dealing in 317,559 units, Guardian Holdings declined $2 to $313 with 6,326 shares crossing the market, Jamaica Broilers fell 49 cents to close at $37 with investors dealing in 301,054 stock units, ahead of half year results with the profit dipping 13.5 percent in the latest quarter with taxation jumping 31 percent, with profit down 12.7 percent for the half year. Jamaica Stock Exchange popped $1.14 to $13.48 with 35,424 stocks switching owners,  Kingston Wharves shed 95 cents to close at $31 after a transfer of 1,102,481 units, Scotia Group increased $1.25 to finish at $47.75 with investors ending with trading in 146,814 shares, ahead of full year results next week and with precious limited supply of stocks on offer at the close. Stanley Motta dropped 42 cents and ended at $6.50 in an exchange of 4,700 stock units and Wisynco Group sank 80 cents to end at $21 trading 1,153,869 units.
In the preference segment, Jamaica Public Service 7% climbed $1 to close at $44.50 with an exchange of 100 stock units. Jamaica Public Service 9.5% rallied $55 to $2,755 with just a 1 share traded, 138 Student Living preference share skidded $31.86 to end at $254.19 with investors swapping a mere 6 stocks and Sygnus Credit Investments C10.5% slipped 99 cents to close at $104 with a paltry 4 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Its Express Catering’s day


Express Catering cornered trading on the Junior Market on Friday with nearly 97 percent of the volume of stocks traded on the market with investors exchanging 122.9 million of the company’s shares with a value of $423 million and pushing the volume of stocks traded up a stunning 1,281 percent, with the value surging 1,469 percent higher than trading on Thursday with 45 securities changing hands as was the case on Thursday and ending with prices of 19 rising, 12 declining and 14 closing unchanged.

The market closed with trading of 127,010,636 shares with a value of  $430,363,473 well above 9,196,916 units at $27,433,897 on Thursday. Trading averaged 2,822,459 shares at $9,563,633 up from 204,376 units at $609,642 on Thursday with the month to date, averaging 704,140 stock units at $2,243,278 compared to 188,874 stock units at $462,652 on the previous day and November with an average of 309,920 shares at $766,307.
The volume leader was Express Catering with 122.90 million shares for 96.8 percent of total volume followed by One Great Studio with 629,560 units for 0.5 percent of the day’s trade and Dolla Financial with 603,641 stock units for 0.5 percent market share.
At the close of trading, the Junior Market Index sank 3.92 points to end trading at 3,666.04. The Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and five with lower offers.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, AMG Packaging dropped 8 cents and ended at $2.76 after an exchange of 7,218 shares, Caribbean Cream rallied 13 cents to $3.28 with investors trading 6,619 stocks, Dolla Financial popped 13 cents to finish at $3 after an exchange of 603,641 shares. Everything Fresh lost 13 cents to end at $2.10 with 128,630 stock units changing hands, Express Catering climbed 28 cents to $3.49 in an exchange of 122,904,460 shares, Honey Bun declined 14 cents to close at $8.51 with traders dealing in 3,901 units. Indies Pharma rose 12 cents to $3.30 in an exchange of 41,303 stocks, Iron Rock Insurance advanced 38 cents to finish at $3.86 with investors dealing in 11 stock units, KLE Group shed 15 cents and ended at $1.01 after a transfer of 12,000 shares. Lumber Depot fell 8 cents to close at $2.70 with 38,000 units crossing the exchange, Medical Disposables increased 28 cents to close at $1.98 with a transfer of 1,201 stocks, Paramount Trading slipped 19 cents to end at $1.05 with investors swapping 403 stock units and Regency Petroleum gained 16 cents to $3.12 with 262,451 shares switching owners.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Weekly price bounce for T&TSE stocks


Investors in the twin island state of Trinidad and Tobago got a bit less bearish this week with the All Trinidad Index closing 0.5 percent higher and the Composite index rising 1.8 percent, with prices of 11 stocks rising and 6 declining, compared with 9 each declining and rising last week.

The average PE ratio of the market rose to 8, compared to 5.34 based on the current year’s earnings. The difference between the two graphically illustrates the market’s current undervalued level and by extension the upside potential ahead.

Winning stocks of note for the week are, Agostini’s with a gain of $1 to close at $65, First Citizens Bank rising $1.60 to close at $42, Republic Holdings ended with a rise of $1.96 to $114.95, CIBC Caribbean Bank up 85 cents to close at $8.75 and Endeavour Holdings climbing $1 to $18, Guardian Holdings rose 65 cents to $14.40 and Unilever Caribbean is up 20 cents to $11.40.
Falling stocks of notes are, Ansa Merchant Bank down 50 cents to $39.50, Ansa McAl with a drop of $4.10 to $62.90 and Trinidad Cement falling 21 cents to $2.10.
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 180 percent, the highly undervalued Guardian Holdings, a stock, with a 450 percent potential, Republic Holdings at 120 percent, Massy Holdings at 100 percent, Trinidad Cement with 400 percent, Eric Solis with a 400 percent and One Caribbean Media with 300 percent.
Investors should keep an eye on Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with a potential gain of 240 percent.