Stocks mostly fell on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded declining 10 percent and the value 28 percent lower than on Friday resulting in the trading o f15 securities down from 22 on Friday and ending with prices of two rising, five declining and eight ended firm.
The market closed with trading of 162,652 shares at $2,206,402 down from 180,350 stocks at $3,075,555 on Friday. An average of 10,843 shares were traded at $147,093 up from 8,198 units at $139,798 on Friday, with trading for the month to date averaging 14,424 shares at $152,839 that is in line with 14,618 units at $153,151 on the previous day and an average for January of 17,669 shares at $153,409.
The Composite Index slipped 1.45 points to 1,060.27, the All T&T Index popped 1.53 points to wrap up trading at 1,560.37, the SME Index remained at 96.65 and the Cross-Listed Index dipped 0.65 points to finish at 73.50.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of trading, Ansa McAl remained at $58 in an exchange of a mere 10 shares, Calypso Macro Investment Fund dropped 15 cents to $23.60 with traders dealing in 1,207 stock units, CIBC Caribbean Bank sank 35 cents to close at $7.80 with 3,267 shares changing hands. First Citizens popped 35 cents to end at $42 with investors trading 27,364 stocks, Guardian Holdings skidded 1 cent to end at $14.89 after an exchange of 39,986 shares, JMMB Group ended at $1.06 with a transfer of 1,000 stocks. Massy Holdings remained at $3.87 with investors trading 59,997 units, National Enterprises ended at $2.62 in switching ownership of 13,872 stock units, National Flour Mills gained 1 cent in ending at $1.70 after a transfer of 5,784 shares. 
NCB Financial slipped 1 cent in closing at $2.38 after trading of 5,000 stocks, Prestige Holdings ended at $11.30 with 2,006 units clearing the market, Republic Financial declined 1 cent to finish at $113.50 with investors dealing in 126 stock units. Scotiabank remained at $54.06 and with an exchange of 1,328 shares, Trinidad & Tobago NGL ended at $4.65 as investors traded 1,560 stocks and Unilever Caribbean closed at $10.81 after 145 units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The average PE ratio of the market closed at 7.7 based on 2023 earnings compared to 7.36 last week and 5.54 based on estimates of the 2024 earnings. The difference graphically illustrates the market’s current undervalued level and the potential gains ahead.
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 135 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 350 percent. Eric Solis with a 90 percent potential gain and One Caribbean Media with 315 percent.
The market closed with trading of 180,350 shares valued at $3,075,555 compared with 269,573 stock units at $2,493,607 on Thursday. An average of 8,198 shares were exchanged at $139,798 down from 16,848 units at $155,850 on Thursday. Trading for the month to date ended with an average of 14,618 shares at $153,151 in line with 15,169 stock units at $154,300 previously and an average of 17,669 shares at $153,409 in 
Calypso Macro Investment Fund remained at $23.75 after trading in 22 stock units, CIBC Caribbean Bank popped 20 cents to finish at $8.15 with 280 shares crossing the market, First Citizens Group shed 23 cents and ended at $41.65 as investors exchanged 2,268 stocks. GraceKennedy ended at $3.68 in trading 2,410 stock units, Guardian Holdings closed at $14.90 after an exchange of just 32 units, Guardian Media gained 1 cent and ended at $1.11 with 972 shares crossing the market. JMMB Group remained at $1.06 after a transfer of 444 stock units, Massy Holdings closed the week at $3.87 with investors trading 127,787 stocks, National Enterprises climbed 1 cent to close at $2.62 with an exchange of 830 units. National Flour Mills ended at $1.69 with 810 stocks clearing the market, NCB Financial ended at $2.39 with investors swapping 700 shares, 
One Caribbean Media ended at $2.85 after an exchange of 800 stock units. Point Lisas gained 1 cent in closing at $3.21 with investors trading 100 units, Prestige Holdings popped 20 cents to close at $11.30 in switching ownership of 2,368 shares, Republic Financial ended at $113.51 after the trading of 11,081 units. Scotiabank closed Friday at $54.06 after an exchange of 7,918 stocks, Trinidad & Tobago NGL ended at $4.65 with investors trading 2,200 stocks, Unilever Caribbean sank 2 cents to finish at $10.81 in an exchange of 763 shares and West Indian Tobacco remained at $5.53 with traders dealing in 8,213 stocks.
The market closed with trading of 269,573 shares valued $2,493,607 compared to 358,721 stock units at $7,640,936 on Wednesday.
At the close of market activities, Angostura Holdings ended trading at $13.50 with an exchange of 5,150 shares, Ansa McAl remained at $58 with traders dealing in 3,064 stocks, Calypso Macro Investment Fund ended at $23.75 with 50 shares clearing the market. First Citizens Group declined 12 cents in closing at $41.88 with 
National Enterprises declined 1 cent to end at $2.61 with investors trading 2,065 stock units, Prestige Holdings shed 20 cents in closing at $11.10 in an exchange of 1,585 stocks, Republic Financial rose 1 cent to close at $113.51 with investors dealing in 8,608 units. Scotiabank closed at $54.06 in switching ownership of 5,234 shares, Trinidad Cement rallied 11 cents to end at $2.31 with 4,524 units crossing the market, Unilever Caribbean sank 19 cents in closing at $10.83 in an exchange of 1,457 stocks and West Indian Tobacco ended at $5.53 with 745 stock units changing hands.
The market closed with trading of 358,721 shares at $7,640,936 up from 179,912 stock units at $2,445,820 on Tuesday. An average of 15,597 shares were traded at $332,215 well above the 11,245 units changing hands at $152,864 on Tuesday. Trading for the month to date averaged 15,057 shares at $154,192 compared to 15,000 units at $135,322 on the previous day and an average for January of 17,669 shares at $153,409.
Ansa Merchant Bank closed at $40.05 with 1,000 stocks changing hands, Calypso Macro Investment Fund ended at $23.75 with investors trading 5 shares, CIBC Caribbean lost 5 cents in closing at $7.95 with 4,782 stock units changing hands. Endeavour Holdings rallied $1 to close at a 52 weeks’ high of $20 with investors trading just 10 units, First Citizens Group rose 50 cents to finish at $42 after an exchange of 7,333 stock units, GraceKennedy ended at $3.69 after trading of 4,438 shares. Guardian Holdings remained at $14.90 with 503 stock units clearing the market, Guardian Media dipped 1 cent in closing at $1.10 in an exchange of 3,397 units, JMMB Group remained at $1.04 with 13,299 stocks crossing the market. Massy Holdings sank 4 cents in closing at $3.90 in switching ownership of 243,039 shares, National Enterprises popped 1 cent to end at $2.62 with traders dealing in 1,725 stock units, National Flour Mills rallied 4 cents to finish at $1.69 in an exchange of 4,000 stocks. One Caribbean Media ended at $2.85 after trading 2 units, 
Point Lisas fell 8 cents to close at $3.20 with an exchange of 415 shares, Prestige Holdings increased by 30 cents to end at $11.30 after 3,005 stocks passed through the market. Republic Financial climbed 19 cents to $113.50 with investors swapping 52,101 units, Scotiabank declined $1.74 to finish at a 52 weeks’ low of $54.06 with a transfer of 483 stock units, Trinidad & Tobago NGL ended at $4.65 as investors exchanged 674 shares. Trinidad Cement shed 10 cents in closing at a 52 weeks’ low of $2.20 after a transfer of 13,876 stock units and Unilever Caribbean remained at $11.02 after an exchange of 376 stocks.
The market closed with trading of 179,912 shares with a value of $2,445,820 compared with a mere 13,891 stocks at $575,461 on Monday. Trading close with an average of 11,245 shares for $152,864 up from just 817 units for $33,851 on Monday. Trading month to date averaged 15,000 shares at $135,322 that is in line with 15,299 units at $133,926 on the previous day compared with an average for January of 17,669 shares at $153,409.
At the close of a market session of increased trading, Ansa Merchant Bank ended at $40.05 with trading of 185 stock units, CIBC Caribbean rose 4 cents to $8 with investors swapping 1,947 units, First Citizens Group ended at $41.50 after 5,649 shares were traded. GraceKennedy dropped 4 cents and ended at $3.69 with investors trading 16,659 stock units, JMMB Group lost 2 cents in closing at $1.04 with 84,200 shares crossing the market, L.J. Williams B share remained at 75 cents as investors exchanged 216 stocks. Massy Holdings rose 3 cents and ended at $3.94 after 17,406 units passed through the market, National Enterprises slipped 7 cents to $2.61 after a transfer of 6,592 stock units, National Flour Mills shed 2 cents to finish at $1.65 with 680 shares crossing the market. Point Lisas ended at $3.28 in an exchange of 100 stocks, 
Prestige Holdings ended at $11 with 3,764 stock units clearing the market, Republic Financial fell 19 cents to end at $113.31 and closed after 7,187 stock units changed hands. Scotiabank remained at $55.80 with 18,312 shares crossing the exchange, Trinidad and Tobago NGL skidded 3 cents to a 53 weeks’ low of $4.65 with a transfer of 6,460 stock units, Trinidad Cement closed at $2.30 after an exchange of 8,805 stocks and Unilever Caribbean sank 17 cents to $11.02 in trading 1,750 stocks.
The market closed with a mere 13,891 shares traded for $575,461 down from 144,349 stock units at $1,217,028 on Friday. An average of just 817 shares were traded at $33,851 well below the 6,874 units that ended trading on Friday for $57,954, with trading for the month to date averaging 15,299 shares at $133,926 compared with 16,637 units at $143,172 on the previous day and an average for January of 17,669 shares at $153,409.
At the close of a lacklustre trading session, Agostini’s shed 20 cents to end at $68 after a transfer of 27 stocks, Angostura Holdings shed 49 cents to close at $14, with 746 units crossing the exchange, Ansa McAl sank 50 cents to finish at $58.50 in switching ownership of 417 shares. Ansa Merchant Bank increased 5 cents and ended at $40.05 after an exchange of 286 stock units, CIBC Caribbean Bank dipped 4 cents in closing at $7.96 after 362 shares passed through the market, First Citizens Group sank 50 cents to end at $41.50 in an exchange of 2,691 stocks. Guardian Media ended at $1.11 with investors trading 150 units, JMMB Group popped 2 cents to $1.06 after an exchange of 37 stock units, L.J. Williams B share climbed 10 cents to end at 75 cents with investors trading 800 shares. Massy Holdings skidded 4 cents to close at $3.91 in an exchange of 2,808 units, 
National Enterprises slipped 1 cent to finish at $2.68 with 74 stock units crossing the market, National Flour Mills remained at $1.67 with an exchange of 191 stock units. Prestige Holdings rose 9 cents to $11 and closed with 407 shares changing hands, Republic Financial fell 35 cents to end at $113.50 with with investors trading 3,130 units, Scotiabank remained at $55.80 with a transfer of 605 units. Trinidad & Tobago NGL rallied 2 cents to close at $4.68 with investors dealing in 210 stocks and West Indian Tobacco ended at $5.53 with trading in 950 shares.
The average PE ratio of the market closed at 7.36 based on 2023 earnings compared to 7.7 last week and 5.46 based on estimates of the 2024 earnings. The differences in the PE ratios graphically illustrate the market’s current undervalued level and the potential gains ahead.
The market closed with 144,349 shares trading for $1,217,028 down from 170,647 stocks at $1,302,338 on Thursday. An average of 6,874 shares were traded with a value of $57,954 compared with 11,376 units at $86,823 on Thursday, with trading month to date averaging 16,637 shares at $143,172 below the 17,895 units at $154,151 on the previous day and an average for January of 17,669 shares at $153,409.
First Citizens Group slipped 1 cent to end at $42 with 1,633 stock units changing hands. GraceKennedy remained at $3.73 with investors trading 3,000 units, Guardian Holdings lost 7 cents to close at $14.90 after 25,000 stock units were exchanged, Guardian Media ended at $1.11 after swapping 3,153 shares. JMMB Group ended at $1.04 with a transfer of 1,024 units, L.J. Williams B share fell 10 cents to finish at a 52 weeks’ low of 65 cents with 41,600 stocks clearing the market, Massy Holdings increased 5 cents and ended at $3.95 in switching ownership of 9,971 stock units. National Enterprises remained at $2.69 with traders dealing in 2,127 shares, National Flour Mills ended at $1.67 with 300 stocks crossing the exchange, 
NCB Financial had trading in 41,044 units at $2.39. One Caribbean Media popped 14 cents to close at $2.85 after a transfer of 864 stock units, Point Lisas ended at $3.28 with investors swapping 998 shares, Republic Financial remained at $113.85 in an exchange of 1,083 units. Scotiabank dropped 20 cents to at a 52 weeks’ low $55.80 with investors dealing in 7,394 stocks, Trinidad & Tobago NGL shed 2 cents to finish at a 52 weeks’ low of $4.66 in an exchange of 2,275 stock units and West Indian Tobacco gained 1 cent and ended at $5.53 after 2,289 shares passed through the market.
The market closed with trading in 170,647 shares valued at $1,302,338 down from 318,786 stock units at $11,193,162 on Wednesday.
At the market close on Thursday, CIBC Caribbean Bank ended at $8 with 163 stocks passing through the market, First Citizens Group fell 14 cents in closing at $42.01 with investors dealing in 2,473 stocks, GraceKennedy increased 3 cents to $3.73 with 1,000 shares clearing the market. Guardian Holdings remained at $14.97 with investors swapping 100 stock units, JMMB Group ended at $1.04 after an exchange of just one share, Massy Holdings remained at $3.90 in trading 139,397 units. National Flour Mills sank 3 cents to $1.67 after an exchange of 1,009 stocks, NCB Financial popped 3 cents to end at $2.39 with 872 stock units changing hands, One Caribbean Media skidded 9 cents in closing at $2.71 as investors exchanged 4,893 shares. 
Republic Financial gained 54 cents and ended at $113.85 with 4,391 stocks switching owners, Scotiabank ended at $56 after a transfer of 1,000 units, Trinidad & Tobago NGL slipped 1 cent to finish at a 52 weeks’ low of $4.68 with 9,475 stocks passing through the market. Trinidad Cement remained at $2.30 in an exchange of 1,148 shares, Unilever Caribbean ended at $11.19 with 45 stocks crossing the market and West Indian Tobacco rose 12 cents and ended at $5.52 in an exchange of 4,680 units.