Sharp fall for Trinidad Stock Exchange


Falling stocks over powered those rising six to one sending the Trinidad and Tobago Stock Exchange market tumbling on Wednesday, following activities in 19 securities trading compared with 22 on Tuesday and ending with prices of one stock rising, six declining and 12 ended firm, with the volume of stocks traded rising 151 percent valued 120 percent more than on Tuesday.

The Composite Index sank 9.35 points to wrap up trading at 1,019.29, the All T&T Index skidded 17.94 points to settle at 1,489.68, the SME Index remained at 91.81 and the Cross-Listed Index slipped 0.02 points to end at 72.23.
The market closed with trading of 284,086 shares for $1,971,424, up from 113,337 stock units at $895,971 on Tuesday.
An average of 14,952 shares were traded at $103,759, well above the 5,152 units at $40,726 on Tuesday. Trading month to date averaged 9,693 shares at $69,926, well below an average for June of 21,123 shares at $212,612.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and three with lower offers.
At the close, Agostini ended at $66, after 206 shares passed through the market, Ansa McAl skidded $1.50 to $40 in an exchange of 444 stocks, Ansa Merchant Bank remained at $39 and closed with an exchange of just one share. Calypso Macro Investment Fund jumped $1.65 in closing at a 52 week high of $23.80 after an exchange of 840 stock units, CIBC Caribbean Bank lost 3 cents and ended at $8.27 with 15,596 units crossing the market, First Citizens Group dipped 5 cents to finish at $42 after an exchange of 1,300 shares. GraceKennedy ended at $3.80 with investors swapping 11,800 stock units, Guardian Holdings remained at $16.97 with an exchange of 302 stocks, JMMB Group ended at $1.07 after the trading of 610 units. Massy Holdings remained at $4.05 with 134,318 shares clearing the market, National Enterprises remained at $2.40 in trading 2,000 stocks, National Flour Mills ended at $1.65 after a transfer of 25 units. NCB Financial remained at $1.98 with investors trading 94,138 stocks, Prestige Holdings ended at $12.94 in switching owners for 234 shares, Republic Financial sank 1 cent and ended at $112 with traders dealing in 6,897 stock units. Scotiabank shed 85 cents to end at a 52 week low of $50.50 as investors exchanged 717 units, Trinidad & Tobago NGL ended at $3.65 following a transfer of 26 stocks, Trinidad Cement declined 15 cents to finish at a 52 week low of $2.05 with investors dealing in 5,000 units and Unilever Caribbean remained at $14 in an exchange of 9,632 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Iron Rock Junior Market best performer


The current year has not been great for the Junior Market stocks, with declining ones crushing those rising, sending the market into a 6.9 percent decline for the first six months of the year, with only 12 stocks gaining against 34 declining.

The leading performing stock for the half year is Iron Rock Insurance, with a 50 percent appreciation, followed by Lasco Financial Services with a gain of 27 percent and Regency Petroleum, up 26 percent. Another motor vehicle-related company, Jetcon Corporation, made the top ten, up 11 percent.

Spur Tree Spices declined the most with a 55 percent fall, followed by ISP Finance down 51 percent and One Great Studio and JFP Limited down 43 percent each.

RA Williams takes 99% of Junior Market trade


Trading activity closed on the Junior Market of the Jamaica Stock Exchange on Tuesday, with the volume surging 1,189 percent over Monday, after RA Williams accounted for nearly 99 percent of the total volume, valued 1,144 percent more than on Monday. Trading ended with prices of 13 stocks rising, 18 declining and 10 left unchanged, with Jetcon Corporation closing at a 52 week high of $1.50 and Stationery and Office Supplies hitting a 52 week intraday high of $1.93.

The market closed with trading of 356,429,672 shares for a value of $171,426,830 up from 27,649,833 units at $70,387,812 on Monday.
Trading ended with an average  of 8,693,407 shares for $4,181,142 compared with 658,329 stocks for $1,675,900 on Monday, compared to June averaging 186,843 shares at $332,162.
RA Williams led trading with a huge 351.21 million shares for 98.5 percent of total volume, followed by Stationery and Office Supplies with 1.85 million units for 0.5 percent of the day’s trade and Dolla Financial with 697,262 stocks for 0.2 percent of the volume traded.
At the close of trading, the Junior Market Index lost 16.22 points to close at 3,459.99. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
The Junior Market ended trading with an average PE Ratio of 14, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of trading Tuesday, Consolidated Bakeries popped 6 cents and ended at $1.63 following an exchange of 30,148 shares, Derrimon Trading sank 6 cents to $1.94 with the trading of 190,737 units, Dolla Financial dropped 20 cents to end at $2.50, with trading of 697,262 shares. Dolphin Cove declined 9 cents to $12.40, after trading of 4,009 stocks, Fontana declined 9 cents to finish at $8.70, with 15,702 stocks crossing the exchange, Future Energy shed 10 cents to end at $3.10, with 251,434 shares changing hands. Honey Bun lost 11 cents in closing at $7.39 in trading 1,135 stock units, Indies Pharma slipped 25 cents to $3.45 and closed after an exchange of 140,158 units, Jamaican Teas fell 15 cents and ended at $2.28 with a transfer of 397,092 stocks. Jetcon Corporation gained 6 cents to end at $1.50, with 306,520 shares clearing the market, JFP skidded 5 cents to close at 50 cents in switching ownership of 5,000 stock units, Knutsford Express dipped $2.73 to finish at $11.13 with traders dealing in 71 units. Lasco Financial rose 16 cents to $2 in an exchange of 476 stock units, Limners and Bards rallied 8 cents and ended at $1.17 with investors trading 75 shares, Main Event increased 47 cents to close at $9.97 after an exchange of 350 stock units. Omni Industries lost 5 cents to finish at 75 cents, with 7,047 units crossing the market, ONE on ONE Educational dipped 5 cents in closing at 89 cents with an exchange of 388,006 stocks, Regency Petroleum sank 7 cents to end at $4.28 after 38,037 units passed through the market and Stationery and Office Supplies dropped 9 cents to $1.70, after hitting an 52 week intraday high of $1.93 as investors exchanged 1,845,171 stocks.

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

JSE Main Market pullback


Stocks gave back a significant portion of Monday’s gain on the Jamaica Stock Exchange Main Market at the end of market activity on Tuesday, following trading in in 56 securities compared with 59 on Monday, with prices of only 12 rising, 33 declining and 11 ending firm, with the volume of stocks traded declining 73 percent and the value 70 percent lower than the prior day.

The All Jamaican Composite Index dipped 4,571.03 points to 363,295.51, the JSE Main Index fell 3,350.89 points to 313,962.09 while the JSE Financial Index dropped 0.60 points to 65.14. At the close, the Investor’s Choice bid-offer indicator shows nine stocks ending with the bids higher than their last selling prices and six with lower offers.
The market closed with 8,944,979 shares trading with a value of  $61,640,185 compared with 33,243,094 stock units at $207,945,862 on Monday.
Trading averaged 159,732 shares at $1,100,718 compared to 563,442 shares at $3,524,506 on Monday, compared to June with an average of 183,242 stock units at $1,532,211.
Transjamaican Highway led trading with 3.64 million shares for 40.6 percent of the total volume, followed by Sagicor Select Manufacturing & Distribution Fund ended with 1.78 million units for 19.9 percent of the day’s trade and Innovative Energy with 571,848 stocks for 6.4 percent market share.
The Main Market ended trading with an average PE Ratio of 13.6. The JSE Main and the 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, AS Bryden dropped $4 to close at a 52 week low of $20, with 20,000 shares crossing the market, Caribbean Cement sank $6.80 to $81.20, with investors dealing in 817 stock units, Eppley skidded 50 cents to close at $32, with 1,472 shares being traded. Eppley Caribbean Property Fund increased by $3.47 to finish at $41.97, with 101 stocks changing hands. GraceKennedy lost $1 and ended at $72 after 36,036 shares passed through the market, Guardian Holdings popped $6.37 to end at $314.37 as investors exchanged 219 units. JMMB Group dipped $1.40 in closing at $20 in trading 27,749 stocks, Massy Holdings sank 50 cents to $77 after a transfer of 25,342 shares, Mayberry Group slipped 69 cents and ended at $7.70, with 908 stock units crossing the market. Pan Jamaica fell $1.99 to finish at $52 with a transfer of 30,363 shares, Sagicor Group shed $1.30 to close at $41 with investors swapping 152,496 stock units, Seprod declined $2.20 to end at $81, with 37,050 shares crossing the exchange. Supreme Ventures lost $2.20 in closing at $19, with investors trading 480,971 units and Sygnus Credit Investments skidded 43 cents to $12.95 after an exchange of 37,888 shares.
In the preference segment, Eppley 7.25% preference share sank 79 cents and ended at $18.50 in trading 1,000 stocks. Jamaica Public Service 7% advanced $1.67 to finish at $43.25 in an exchange of 592 units and 138 Student Living preference share dropped $6.25 to close at $217 with traders dealing in 2 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Winning stocks push Trinidad Exchange up


Trading started the new month, with rising stocks just being edged out by losers on the Trinidad and Tobago Stock Exchange on Tuesday, resulting from an exchange of 22 securities compared with 23 on Monday and ending with prices of six stocks rising, seven declining and nine ended firm, with a 67 percent fall in the volume of stocks traded, valued 40 percent less than on Monday.

The market closed with trading of 113,337 shares for $895,971, down from 340,775 stocks at $1,489,959 on Monday.
An average of 5,152 shares were traded worth $40,726, down from 14,816 units at $64,781 on Monday, and well below an average for June of 21,123 shares at $212,612.
The Composite Index climbed 0.79 points to settle at 1,028.64, the All T&T Index popped 1.93 points to close trading at 1,507.62, the SME Index remained unchanged at 91.81 and the Cross-Listed Index skidded 0.06 points to 72.25.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the end of trading on Tuesday, Agostini’s climbed $1 in closing at $66 with investors trading 149 shares, Angostura Holdings ended at $14.80 in an exchange of 1,200 units, Ansa McAl rose $2.49 to $41.50 with dealing in 533 shares.
CIBC Caribbean Bank popped 3 cents and ended at $8.30, after 23 units passed through the market. Endeavour Holdings remained at $19 with a transfer of 5 stocks, First Citizens Group fell 45 cents to end at $42.05, with 592 units changing hands. GraceKennedy increased 4 cents to $3.80 after an exchange of 26 stocks, Guardian Holdings ended at $16.97 after trading 61 shares, Guardian Media remained at 98 cents with an exchange of 100 stock units. JMMB Group lost 1 cent to end at $1.07, with 2,100 shares crossing the market, Massy Holdings popped 5 cents to finish at $4.05 after a transfer of 1,516 units, National Enterprises ended at $2.40 as investors exchanged 644 stocks. National Flour Mills remained at $1.65 in trading 2,500 stock units, NCB Financial ended at $1.98 after an exchange of 90,328 shares, Point Lisas remained at $4.04 with investors trading 1,850 units. Prestige Holdings rose 34 cents to close at $12.94 in switching ownership of 2,276 stocks, Republic Financial sank 4 cents and ended at $112.01 with investors dealing in 4,629 stock units, Scotiabank declined 25 cents to finish at $51.35 in an exchange of 1,102 shares. Trinidad & Tobago NGL fell 8 cents and ended at $3.65 with investors swapping 3,130 stocks, Trinidad Cement popped 15 cents to $2.20, with 299 units crossing the exchange, Unilever Caribbean remained at $14 and closed after an exchange of 7 stock units and West Indian Tobacco dipped 1 cent to finish at $4.91, with 267 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Big leap for JSE Main Market 


The Main Market of the Jamaica Stock Exchange ended on June, with a solid performance on Monday, with the volume of stocks traded rising 91 percent and the value 7 percent more than on Friday, resulting in trading of 59 securities compared with 60 on Friday, with prices of 30 rising, 18 declining and 11 ending unchanged, sending the All Jamaican Composite Index up a robust 6,722.24 points to 367,866.54, the JSE Main Index popping an impressive 4,616.34 points to finish at 317,312.98 and the JSE Financial Index gaining 0.54 points to 65.74.

The market closed with 33,243,094 shares trading worth $207,945,862 compared with 17,403,798 stock units at $193,831,769 on Friday.
Trading averaged 563,442 shares for $3,524,506, up from 290,063 stock units at $3,230,529 on Friday and month to date, an average of 183,242 units at $1,532,211 up from 163,460 shares at $1,428,555 on the previous day and May with an average of 245,284 stock units at $2,050,773.
Wigton Energy led trading with 17.47 million shares for 52.6 percent of total volume followed by Transjamaican Highway, with 6.38 million stocks for 19.2 percent of the day’s trade, Mayberry Group closed with 1.29 million stocks for 3.9 percent of the volume traded, Supreme Ventures ended with 1.13 million units for 3.4 percent of stocks traded and Radio Jamaica with 1.11 million units for 3.3 percent of market share.
At the close, the Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 13.8. The JSE Main and the 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, AS Bryden declined $1 to end at $24 as investors traded 3,463 shares, Berger Paints rose 97 cents in closing at $7.47, with 855 stocks clearing the market, Caribbean Cement climbed $6.99 to $88 with investors trading 124,697 shares. Eppley fell 50 cents and ended at $32.50 with an exchange of 1,346 units, Eppley Caribbean Fund popped 50 cents to close at $38.50 with 1,340 stocks passing through the market. Guardian Holdings sank $11 to finish at $308 with investors dealing in 1,435 units. Jamaica Broilers advanced 55 cents and ended at $25.50 after an exchange of 69,676 stocks, JMMB Group gained 55 cents to $21.40 and closed with an exchange of 69,698 shares, Kingston Wharves rallied $3.18 to finish at $32.49 in an exchange of 11,454 stock units. Massy Holdings increased 50 cents to close at $77.50 with investors swapping 320,000 shares, Mayberry Group popped $1.49 to end at $8.39 in switching ownership of 1,290,459 stock units, Mayberry Jamaican Equities advanced 50 cents in closing at $11, with 27,060 units crossing the exchange. NCB Financial rose $1.30 to $41.30 in trading 414,178 stocks, Sagicor Real Estate Fund lost 50 cents and ended at $8 after a transfer of 127,993 units, Scotia Group gained 50 cents to end at $53 after the trading of 65,125 stocks. Seprod rallied $2.20 in closing at $83.20 in an exchange of 80,104 shares, Supreme Ventures increased 60 cents to finish at $21.20 with investors trading 1,129,965 stock units and Wisynco Group climbed 89 cents to close at $21.89 after 337,081 shares passed through the market.
In the preference segment, 138 Student Living preference share increased $4.75 to $223.25 with a transfer of 634 stocks, Productive Business Solutions 10.5% shed $5 and ended at $1,125, with 71 units crossing the market and Sygnus Credit Investments C10.5% dropped $2.51 in closing at $107.49 with traders dealing in 126 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market ends month on a high


Stocks closed out June with a 60 points jump in the Junior Market index and 47 points lower than the close of May, as trading jumped sharply on Monday, following Friday’s trade. Activity closed after trading in 42 securities, up from 39 on Friday, ending with prices of 21 rising, 13 declining and eight closing unchanged as two stocks closed at 52 week high and one at a low, after a 110 percent rise in the volume of stocks traded, with 218 percent more value than Friday.

The market closed with trading of 27,649,833 shares for $70,387,812 compared with 13,189,955 units at $22,163,154 on Friday.
Trading averaged 658,329 shares for $1,675,900, up from 338,204 stocks at $568,286 on Friday, with trading month to date, averaging 186,843 units at $332,162, well above the 162,870 stock units at $263,837 on the previous day and May with an average of 419,466 shares at $701,563.
On a day when several stocks had million share day, Dolla Financial led trading with 8.35 million shares for 30.2 percent of total volume followed by Derrimon Trading, with 3.96 million stocks for 14.3 percent of the day’s trade, Regency Petroleum closed with 3.14 million stocks for 11.4 percent of the volume traded, Jamaican Teas with 2.82 million units for 10.2 percent of the day’s volume, Future Energy ended with 2.41 million units for 8.7 percent of trading and ONE on ONE Educational closed off the month with 2.08 million units for 7.5 percent of market share.
At the close of trading, the Junior Market Index rose 60.22 points to wrap up trading at 3,476.21. The Investor’s Choice bid-offer indicator shows five stocks ending 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 14.6, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of June, Access Financial rallied 21 cents to end at $17 with investors dealing in 19,843 shares, CAC 2000 sank 20 cents to $1.80 and closed with 697 units being traded, Cargo Handlers skidded 23 cents in closing at $9.52 as investors exchanged 1,703 shares. Derrimon Trading rose 5 cents to close at $2 in trading 3,960,039 stock units, Dolla Financial climbed 15 cents to finish at $2.70 after the market was cleared of 8,347,759 stocks, Express Catering sank 18 cents to end at $2.51 with an exchange of 85 shares. Fontana popped 29 cents to $8.79 after 88,562 stocks passed through the market, Fosrich gained 9 cents and ended at $2.69 with traders dealing in 1,036,528 units, Future Energy increased 10 cents to close at $3.20 after an exchange of 2,411,799 stock units. Honey Bun advanced 11 cents to end at $7.50 in trading 11,708 shares, Indies Pharma popped 5 cents to close at $3.70 after an exchange of 273,610 units, Iron Rock Insurance advanced 20 cents to finish at $6 with investors trading just 2 stocks. Jetcon Corporation gained 1 cent to close at a 52 week high of $1.44 after investors traded 3,274 shares. Knutsford Express rose 87 cents to $13.86, with 122,987 stock units crossing the exchange, Lasco Financial rallied 6 cents to close at $1.84 with 307,105 shares changing hands, Mailpac Group increased 6 cents in closing at $2.69 in an exchange of 46,575 units. Regency Petroleum climbed 26 cents and ended at $4.35, with 3,142,487 stocks crossing the market, Spur Tree Spices slipped 12 cents to end at a 52 week low of 92 cents with a transfer of 110,227 stock units, Stationery and Office Supplies gained 10 cents to finish at a 52 week high of $1.79 with 1,258,117 shares crossing the market and Tropical Battery popped 8 cents to $2.11 after a transfer of 157,955 units.

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

Losers outclassed winners on Trinidad Exchange


Losing stocks edged out winners on the Trinidad and Tobago Stock Exchange on Monday, resulting in 23 securities trading, up from 18 on Friday and ending with prices of six rising, eight declining and nine ending firm, following the volume of stocks traded rising 31 percent, valued 13 percent more than on Friday.

The market closed with trading of 340,775 shares worth $1,489,959 compared to 259,709 stock units at $1,323,795 on Friday.
An average of 14,816 shares were traded at $64,781 compared with 14,428 units at $73,544 on Friday, with trading for the month to date averaging 21,123 shares with a value of $212,612, well in line with 21,561 units at $222,886 on the previous day, compared with an average for May of 24,702 shares at $146,628.
The Composite Index shed 1.48 points to finish at 1,027.85, the All T&T Index shed 0.41 points to close at 1,505.69, the SME Index remained unchanged at 91.81 and the Cross-Listed Index sank 0.37 points to wrap-up trading at 72.31. 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, Agostini’s sank $1 and ended at $65, with 158 shares crossing the exchange. Angostura Holdings ended at $14.80 with a transfer of 150 stock units, Ansa McAl shed 1 cent in closing at $43.99 with investors swapping 227 shares. Ansa Merchant Bank remained at $39 with an exchange of 200 units, Calypso Macro Investment Fund sank $1.85 to $22.15 with 400 stocks trading, CIBC Caribbean Bank declined 3 cents to end at $8.27 with investors trading 5,295 units. Endeavour Holdings rose $1 to a 52 week high of $19, with three stocks crossing the market. First Citizens ended at $42.50 in an exchange of 755 stock units, GraceKennedy fell by 4 cents to finish at $3.76 after an exchange of 1,700 stock units. Guardian Holdings gained 12 cents to close at $16.97 in trading 3 shares, Guardian Media rose 1 cent in closing at 98 cents with just one stock changing hands, JMMB Group remained at $1.08 with traders dealing in 77,339 units. Massy Holdings remained at $4 as investors exchanged 124,909 stock units, National Enterprises skidded 2 cents in closing at a 52 week low of $2.40 with 2,325 shares clearing the market. National Flour Mills climbed 2 cents and ended at $1.65 in an exchange of 8,580 units. NCB Financial ended at $1.98 with investors trading 90,000 stocks, Point Lisas ended at $4.04, with 10,000 stock units changing hands. Prestige Holdings lost 40 cents to end at $12.60 in an exchange of 2,266 shares. Republic Financial remained at $112.05 with investors dealing in 3,192 stock units, Scotiabank remained at $51.60 in switching ownership of 928 units, Trinidad Cement slipped 15 cents in closing at a 52 week low of $2.05 with 5,110 stocks crossing the market. Unilever Caribbean increased 10 cents to end at $14 after an exchange of 7,233 shares and West Indian Tobacco rallied 2 cents and ended at $4.92 after a transfer of 1 unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Purity jumps 54% back into ICTOP10


The Junior Market’s Consolidated Bakeries surged 54 percent during the week in recovering from a big fall in the prior week, with investors responding to the company returning to profit in the March quarter following a loss in the 2024 fiscal year.

The Junior Market ICTOP10 ended with 6 stocks rising and only one declining. The Main Market ICTOP 10 ended with four stocks rising and only one declining.
In the Main market, Margaritaville climbed 7 percent to $13.20, 138 Student Living, popped 6 percent to $4.27, followed by QWI Investments, up 4 percent to 78 cents and NCB Financial lost 7 percent to close at a 52 week low of $40.
In the Junior Market, Expres Catering rose 8 percent to $2.69, Dolla Financial rallied 3 percent to $2.55 and Kintyre Holdings, the only loser, shed 7 percent to end at 27 cents.
The Junior Market IC TOP10 saw two additions, following the updated earnings for Consolidated Bakeries, with the stock jumping 54 percent during the week. This follows the first quarter results that resulted in updated earnings of 30 cents per share for 2025 and Medical Disposables makes it with updated projection of 45 cents per share, following B revenue growth and profits in the March quarter. Image Plus and Cargo Handlers dropped out of the Junior Market list. There are no new listings in the Main and the All JSE ICTOP10 for the week.
The average PE for the JSE Main Market ICTOP 10 is just 5.8, well below the market average of 13.6. The Junior Market TOP10 stands at 5, well below half the market’s average of 13.9.
In the Main Market, ICTOP10, 15 stocks with the highest values account for 29 percent of the market, with PE ratios of 15 to 43. The average PE for the market is 24 and 20 for the half with the highest values.
In the Junior Market IC TOP10, 22 stocks representing 46 percent of the market have PEs ranging from 15 to 39, with an average of 21 and 20 for half of the market, with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best as well as newer companies that have not time tested.  ICInsider.com ranks companies based on projected earnings, for easy assessment of companies in making investment decisions.
IC TOP10 stocks will likely deliver the best returns 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 the receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

 Bank stocks plunged in the week on T&TSE


All the banking stocks suffered big decline on the Trinidad and Tobago Stock Exchange this week, with First Citizens Bank dropping $1 to $42.50, Scotiabank falling by 90 cents to $51.60,  CIBC Caribbean Bank declining by 70 cents to $8.30, Republic Holdings down 45 cents to $112.05 and Ansa Merchant Bank losing 39 cents to $39. The only other declining stock of note is One Caribbean Media, down 40 cents to $2.60.

At the end of trading, prices of 8 stocks rose compared with 9 in the previous week and 11 fell, up from 6 last week, resulting in the Composite index losing 4.81 points or 0.47 percent, the All T&T index ending the week flat and the Cross-Listed index slipping 1.39 points or 1.88 percent.
Ansa McAl recovered the $4 lost in the previous week, to close at $44, Agostini climbed $1 to $66, Calypso Micro Index Fund gained $1 to finish at $24, Prestige Holdings, which jumped $1.35 last week, gained 70 cents to close the past week at $13.
At the week’s close, the average PE ratio of the market ended at 18.93, based on 2024 earnings and 12.66, based on 2025 estimated earnings, suggesting a 50 percent potential gain for stocks in 2025/26.

Stocks with the potential to gain 100 percent or more when the market comes back to life, include CIBC Caribbean Bank which could rise 190 percent, the severely undervalued Guardian Holdings, a 375 percent potential gain, Republic Holdings at 140 percent, First Citizens Bank 85 percent, Trinidad Cement with 250 percent, Eric Solis with a 190 percent potential gain and One Caribbean Media with 345 percent.
Investors should watch Massy Holdings, with a 50 percent potential gain, Prestige Holdings, which could gain 68 percent and Scotiabank with the potential of a 50 percent gain.