Winning and losing stocks switched turns this week with more decliners than winners following last week when winners outnumbered losers by 12 to 7 on the Trinidad and Tobago Stock Exchange and closed this past week with losers having upper hand, with a 3 to 2 ratio with 9 falling and 6 rising, in a week when the All Trinidad and Tobago and the Combined Indices slipped by less than 0.5 percent.
The average PE ratio of the market closed at 8 based on 2023 earnings and 5.75 based on estimates of the 2024 earnings. The difference graphically illustrates the market’s current undervalued level and the potential gains ahead.
In a week that ended with some stocks posting solid gains, Ansa Merchant Bank gained $1.19 to close at $41.25. Angostura Holdings popped 34 cents to $14.84 and Calypso Micro Index Fund climbed $1.40 to a 52 weeks’ high of $25.
Stocks with notable declines include First Citizens Bank with a fall of 49 cents to close at $41.01 and Endeavour Holdings with a drop of $1 to $19,
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 135 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 315 percent.
Investors should watch Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with a potential gain of 270 percent.
The market closed with trading of 159,135 shares for $1,072,478 up from 44,488 stock units at $1,014,698 on Thursday. At the close, an average of 6,121 shares were traded at $41,249 compared with 2,341 units at $53,405 on Thursday, with trading month to date averaging 22,558 shares at $115,864 down from 34,430 stock units at $169,771 on the previous day compared to an average for February of 22,005 shares at $200,032.
Ansa Merchant Bank popped $1.19 and ended at $41.25 in an exchange of 28 units, Calypso Macro Investment Fund gained $1 to finish at a 52 weeks’ high of $25 after 50 shares passed through the market, CIBC Caribbean Bank remained at $8 with a transfer of 2,650 stock units. Eric Solis Marketing dipped 20 cents to $4 as investors exchanged 300 stocks, First Citizens Group popped 1 cent and ended at $41.01 in switching ownership of 4,379 units, GraceKennedy remained at $3.69 with investors trading 3,690 stocks. Guardian Holdings ended at $14.90 with 580 units clearing the market, Guardian Media remained at $1.12 with investors trading 1,100 shares, JMMB Group increased 1 cent to end at $1.08 after a transfer of 6,442 stock units. L.J. Williams B share ended at 81 cents with 3,500 shares crossing the exchange, Massy Holdings lost 4 cents to end at $3.91 with investors dealing in 55,048 stocks, National Enterprises declined 1 cent to close at $2.68 after an exchange of 3,050 units. National Flour Mills shed 5 cents to end at $1.65 after the trading of 2,852 stock units, NCB Financial rallied 1 cent to finish at $2.40 in an exchange of 47,183 shares, One Caribbean Media dipped 1 cent to $2.84 with traders dealing in 1,925 stocks.
Point Lisas rose 1 cent to $3.21 with 1,200 units changing hands, Prestige Holdings ended at $11.15 after an exchange of 20 stock units, Republic Financial remained at $113.50 with 2,147 shares crossing the market, Scotiabank fell 1 cent to finish at $54.15 with an exchange of 2,942 stock units, Trinidad & Tobago NGL rallied 5 cents and ended at a 52 weeks’ low of $4.30 with 6,905 units crossing the market, Trinidad Cement increased 1 cent to close at $2.50 with investors dealing in 9,450 stocks. Unilever Caribbean ended trading at $11.19 and closed with an exchange of 132 units and West Indian Tobacco slipped 2 cents and ended at $5.50 with 3,299 changing hands.
The market closed with trading of 44,488 shares for $1,014,698, drastically down from 1,194,994 stock units for $5,097,202 on Wednesday.
At the close of a shortened week for trading, Agostini’s remained at $68 after an exchange of 9,998 stocks, Angostura Holdings rose 30 cents to $14.80 with investors trading 25 stock units, Ansa McAl closed at $57.99 after a transfer of 17 shares. Endeavour Holdings declined $1 in closing at $19 after an exchange of 75 stock units, First Citizens Group sank $1.12 to end at $41 with 3,231 shares being traded, GraceKennedy rose 1 cent to finish at $3.69 with investors dealing in 90 stock units. Guardian Holdings ended at $14.90 with 900 units crossing the exchange, JMMB Group dropped 1 cent to finish at a 52 weeks’ low of $1.07 with investors trading 47 stocks, Massy Holdings sank 1 cent in closing at $3.95 with an exchange of 2,960 shares. National Enterprises gained 8 cents to finish at $2.69 with 105 units clearing the market, National Flour Mills remained at $1.70 with traders dealing in 20 stocks, 
One Caribbean Media popped 13 cents to close at $2.85 after an exchange of 4,413 stock units. Prestige Holdings remained at $11.15 with a transfer of 50 shares, Republic Financial dipped 2 cents in closing at $113.50 with investors swapping 513 units, Scotiabank increased 6 cents and ended at $54.16 in an exchange of 86 stocks. Trinidad & Tobago NGL fell 5 cents to close at a 52 weeks’ low of $4.25 with 12,163 stock units changing hands, Trinidad Cement rallied 4 cents to finish at $2.49 in trading 3,900 shares, Unilever Caribbean advanced 34 cents to end at $11.19 with 569 stocks crossing the market and West Indian Tobacco slipped 3 cents to a 52 weeks’ low of $5.52 as investors exchanged 5,326 units.
The market closed with trading of 1,194,994 shares for $5,097,202 up from 285,224 stocks at $1,898,467 on Friday.
CIBC Caribbean Bank ended at $8 and closed after an exchange of 1,909 stock units, First Citizens Group rose 62 cents to close at $42.12 with investors dealing in 815 shares, GraceKennedy slipped 1 cent to finish at $3.68 after an exchange of 100,010 units. Massy Holdings climbed 7 cents and ended at $3.96 with 1,001,227 stocks clearing the market, National Enterprises fell 8 cents to $2.61 after a transfer of 23,218 units, NCB Financial ended at $2.39 in switching ownership of 53,317 shares. One Caribbean Media fell 13 cents to end at $2.72 as investors exchanged 15 units, Point Lisas slipped 1 cent to close at $3.20 after trading 5,110 stocks, 
Prestige Holdings remained at $11.15 after an exchange of 103 stock units. Republic Financial ended at $113.52 with 4,751 shares changing hands, Scotiabank ended at $54.10 with traders dealing in 33 stocks, Trinidad & Tobago NGL lost 21 cents to close at a 52 weeks’ low of $4.30 after 2,313 units passed through the market. Unilever Caribbean shed 34 cents to finish at $10.85 with 461 stock units crossing the exchange and West Indian Tobacco ended at $5.55 with investors trading 1,135 shares.
There is no trading on the Trinidad and Tobago Stock Exchange is Monday March 3 and on the following day as the country celebrates with Carnival activities on both days. 
The market closed with trading of 285,224 shares for $1,898,467 well above the 86,769 stock units at $684,762 on Thursday.
At the close of the last trading day of the month, Agostini’s climbed 19 cents to end at $68.19 with an exchange of 72 stocks, Angostura Holdings rose $1 to end at $14.50 in the trading of 80 units, Calypso Macro Investment Fund sank 40 cents to $23.60 with a transfer of 80 shares. CIBC Caribbean Bank ended trading at $8 with investors trading 2,954 stocks, CinemaOne slipped 72 cents to finish at $4.68 in an exchange of just 2 shares, First Citizens Group rallied 50 cents to close at $41.50 with investors dealing in 1,197 units. GraceKennedy ended at $3.69 and closed after 2,653 stocks were traded, Guardian Holdings ended at $14.90 after a transfer of 1,060 stock units, Guardian Media rallied 1 cent and ended at $1.12 with a mere 2 shares crossing the market. JMMB Group remained at $1.08 with traders dealing in 301 stocks, L.J. Williams B share popped 6 cents to close at 81 cents with 155 units changing hands, Massy Holdings remained at $3.89 after 201,761 stock units passed through the market. 
National Enterprises lost 3 cents in closing at $2.69 in trading 8,435 shares, National Flour Mills advanced 2 cents to $1.70 with 880 units clearing the market, One Caribbean Media ended at $2.85 with investors trading 29,752 stocks. Prestige Holdings closed at $11.15 in an exchange of 87 stocks, Republic Financial ended at $113.52 with investors trading 6,712 shares, Scotiabank skidded $1.55 to end at $54.10 after an exchange of 30 shares. Trinidad & Tobago NGL sank 14 cents in closing at a 52 weeks’ low of $4.51 with 28,672 stocks crossing the market, Unilever Caribbean ended at $11.19 as investors exchanged 4 units and West Indian Tobacco remained at $5.55 in switching ownership of 335 shares.
The market closed with trading of 86,769 shares for $684,762 well off from the 244,787 stock units trading at $3,084,120 on Wednesday.
Fresh from reduced trading activity, Agostini’s ended at $68 in an exchange of 304 shares, Ansa McAl slipped 1 cent to $57.99 with 11 stocks clearing the market, Calypso Macro Investment Fund rose 40 cents to end at 52 weeks’ high of $24 after investors exchanged just 4 shares. First Citizens Group remained at $41 with a transfer of 3,891 stock units, L.J. Williams B share ended at 75 cents with 48,173 shares crossing the exchange, Massy Holdings remained at $3.89 in trading 346 units. National Enterprises climbed 7 cents to $2.72 after 6,484 stocks passed through the market, NCB Financial ended at $2.39 after an exchange of 2,100 stock units, Prestige Holdings sank 15 cents to finish at $11.15 in trading 1,386 shares. 
Republic Financial rose 2 cents in closing at $113.52 with an exchange of 2,550 stock units, Scotiabank rallied $1.63 to close at $55.65 with 427 stocks changing hands, Trinidad & Tobago NGL remained at $4.65 after a transfer of 4,000 stock units. Trinidad Cement popped 10 cents to end at $2.45 with 100 shares crossing the market, Unilever Caribbean gained 38 cents to end at $11.19 after an exchange of 20 stock units and West Indian Tobacco advanced 2 cents in closing at $5.55 with 16,973 units changing hands.
The market closed with trading of 244,787 shares valued $3,084,120 down sharply from 3,034,785 stock units at $21,161,813 on Tuesday.
At the close of a light trading day, Agostini’s skidded 19 cents and ended at $68 with investors trading 8,000 stocks, First Citizens Group sank 50 cents to $41 with 8,491 units traded, Guardian Holdings rallied 5 cents to end at $14.90 in trading 4,283 shares. JMMB Group rose 2 cents in closing at $1.08 with 10,490 stock units clearing the market, Massy Holdings gained 1 cent to finish at $3.89 with investors trading 168,929 shares, National Enterprises popped 1 cent to close at $2.65 with 2,786 units crossing the market. National Flour Mills declined 2 cents to $1.68 with investors trading 90 stocks, NCB Financial remained at $2.39 with 5,000 stock units crossing the exchange, Republic Financial advanced 1 cent in closing at $113.50 with investors swapping 10,923 shares. 
Scotiabank sank 4 cents to close at a 52 weeks’ low of $54.02 after a transfer of 1,556 stock units, Trinidad & Tobago NGL increased 1 cent to finish at $4.65 after closing with an exchange of 18,435 stocks, Trinidad Cement climbed 5 cents and ended at $2.35 after 860 units passed through the market and West Indian Tobacco ended at $5.53 in switching ownership of 4,944 stocks.
The market closed with trading of 3,034,785 shares for $21,161,813 up sharply from 162,652 stocks at $2,206,402 on Monday.
At the close of the trading session, Agostini’s rallied 19 cents to finish at $68.19 with 200 stocks crossing the market, Angostura Holdings sank 50 cents to $13.50 with investors trading 9 units, Calypso Macro Investment Fund remained at $23.60 with 118 shares changing hands. CIBC Caribbean Bank popped 20 cents to end at $8 with investors trading 1,002 stock units, First Citizens Group skidded 50 cents in closing at $41.50 with 234,549 shares crossing the exchange, GraceKennedy advanced by 1 cent and ended at $3.69 in trading 1,269 units. Guardian Holdings lost 4 cents to close at $14.85 with 10 stocks crossing the market, JMMB Group ended at $1.06 after an exchange of 1,741 stock units, Massy Holdings rose 1 cent and ended at $3.88 with a transfer of 2,783,083 shares. National Enterprises gained 2 cents to end at $2.64 after an exchange of 1,000 stock units, 
NCB Financial edged 1 cent higher to close at $2.39 after 80 stocks passed through the market,Prestige Holdings remained at $11.30 in an exchange of 130 units. Republic Financial dipped 1 cent to $113.49 with investors dealing in 1,180 stocks, Scotiabank ended at $54.06 in switching ownership of 6,216 shares, Trinidad & Tobago NGL fell 1 cent and ended at a 52 weeks’ low of $4.64 after a transfer of 4,148 stock units and Trinidad Cement shed 1 cent to end at $2.30 with 50 units clearing the market.