Scotia up 90c, Calypso shed $1.55 for week


The Trinidad and Tobago stock market ended another shortened week on a winning note, with the number of stocks rising, remaining the same as the previous week, with one less declining, resulting in a marginal upward movement in the market indices,  7 following prices of stocks rising and 8 declining. The TTSE Composite index closed 0.65 percent higher and the All T&T Total index gained 0.76 percent.

At the market’s weekly close, the average PE ratio of stocks was higher at 17.22, based on 2024 earnings and 12.37, based on estimates of 2025 earnings, following the recent updating of earnings for 2025, suggesting an average potential increase of 29 percent for 2025.
The past week, Scotiabank popped 90 cents to close at $53, Guardian Holdings gained 25 cents to end at $16.75, Angostura Holdings rose 75 cents to close at $14.80, Unilever Caribbean rallied 78 cents to end at $12.78 and Point Lisas climbed 23 cents to $4.25.

Calypso Macro Investment Fund dropped $1.55 to end at $23.45, Ansa Merchant Bank fell 50 cents to close at $39.50, Ansa McAl dipped 65 cents to $50.90, Prestige Holdings declined by 49 cents to $10.50 and West Indian Tobacco shed 42 cents to close at $5.01.

Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank, which could rise by 200 percent, but may face supply pressure with so many shares outstanding. The severely undervalued Guardian Holdings, with a 378 percent potential gain. It is worth noting that the supply of stocks in the Jamaican market has abated considerably and may be heralding a turnaround in the fortune of the stock price. Republic Holdings at 140 percent, First Citizens Bank at 90 percent, Trinidad Cement with 380 percent, Eric Solis with a 200 percent potential gain and One Caribbean Media with 330 percent.

Investors should watch Massy Holdings with a 50 percent potential gain, Prestige Holdings, which could gain 100 percent and Trinidad and Tobago NGL 380 percent.

A week of consolidation for Trinidad stocks


Trading on the holiday-shortened week on the Trinidad and Tobago Stock Exchange ended with a marginal movement in the market indices, with the market closing with only 7 stocks rising and 14 declining.
At the close of the market for the week, the average PE ratio of stocks was higher at 16.29, based on 2024 earnings and 12.9, based on estimates of 2025 earnings, following the updating of forecasted earnings for 2025, suggesting a 29 percent potential gain for stocks in 2025.

Republic Financial suffered a fall of $1.25 for the week.

The past week had gains in Endeavour Holdings of $1.85 to $18, First Citizens Bank rose 30 cents to $41.80, and Point Lisas climbed 52 cents to $4.02. Republic Holdings fell $1.25 to a 52 weeks’ low of $110.75, Guardian Holdings declined 49 cents to $16.50, Ansa McAl ended up dropping 45 cents to $51.55, Angostura Holdings lost 45 cents to end at $14.05, Trinidad and Tobago NGL declined by 68 cents to close at a 52 weeks’ low of $3.32 and Unilever Caribbean ended with a decline of 55 cents to $12. Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank which could rise by 200 percent, the severely undervalued Guardian Holdings, with a 385 percent potential gain, Republic Holdings at 140 percent, First Citizens Bank 90 percent, Massy Holdings 50 percent, Trinidad Cement with 380 percent, Eric Solis with a 200 percent potential gain and One Caribbean Media with 330 percent. Investors should watch Prestige Holdings, which could gain 90 percent and Trinidad and Tobago NGL 380 percent.

Winners edged losers on Trinidad Exchange


Rising stocks edged out losers on the Trinidad and Tobago Stock Exchange on Thursday, following a 195 percent jump in the volume of stocks traded as the value surged 194 percent over trading on Wednesday resulting in 16 securities trading up from 14 on Wednesday and ending with prices of six stocks rising, four declining and six ending firm.

The market closed after trading 400,523 shares, with a value of $2,517,104, from 135,700 units at $856,763 on Wednesday.
An average of 25,033 shares were traded at $157,319, up from 9,693 units at $61,197 on Wednesday, with trading month to date averaging 15,833 shares at $122,169 compared to 15,094 units at a value of $119,345 on the previous day and an average for March of 16,679 shares at $130,461.
The Composite Index shed 2.81 points to settle at 1,042.14, the All T&T Index fell 1.88 points to end at 1,526.91, the SME Index declined 5.19 points to wrap up trading at 86.66 and the Cross-Listed Index lost 0.53 points to close at 73.25.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of trading, Agostini’s climbed $1.15 to end at $68.19 after an exchange of 1,460 shares, Ansa McAl remained at $51.55 with investors trading 270 stocks, CIBC Caribbean Bank ended at $8.15 and closed with an exchange of 8,995 shares. Endeavour Holdings increased $1.85 and ended at $18 as 493 stock units passed through the market. First Citizens Group popped 30 cents to close at $41.80 as investors exchanged 7,343 units, GraceKennedy dipped 27 cents in closing at $3.42 with 124,342 stocks crossing the market. Guardian Holdings ended at $16.50 in an exchange of 38 units, JMMB Group remained at $1.06 with 111,400 shares crossing the market, Massy Holdings rallied 4 cents to finish at $3.93 with a transfer of 85,307 stock units. National Enterprises skidded 11 cents and ended at $2.50 after an exchange of 17,628 shares, NCB Financial remained at $2.30 with trading of 6 stocks, Prestige Holdings ended at $10.99 after a transfer of 490 units. Republic Financial rose 12 cents to $110.75 with 6,024 stock units crossing the exchange, Scotiabank advanced 10 cents in closing at $52.10 with investors dealing in 3,633 shares, Trinidad & Tobago NGL lost 9 cents to close at a 52 weeks’ low of $3.32 with 20,476 units changing hands and Unilever Caribbean shed 60 cents to finish at $12 with an exchange of 12,618 stocks.

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

Guardian bounces on Trinidad Exchange


Trading on the Trinidad and Tobago Stock Exchange ended the week with several sizable price changes, resulting in declines for the two major indices, with both losing less than a percent in value.

Unlike last week, when just four stocks gained and 14 declined, this week ended with an improved position 7 rising and 9 declining.
The average PE ratio of the market closed slightly higher at 8.05, based on 2023 earnings and 5.78, based on estimates of 2024 earnings. The two ratios continue to deviate wildly, with several stocks being undervalued.
The financial sector saw mixed fortunes, with two gains and three losses. At the close, Guardian Holdings climbed $2.18 to $16.99 following the release of excellent full year results for 2024. Ansa McAl rallied 50 cents to $52 and Angostura rose 45 cents to $14.50 and Calypso Macro Index Fund added $1.50 to end at $25.
Scotiabank dropped $1 to close at $52, Republic Holdings declined $1.09 to $112, First Citizens Bank lost 25 cents to close at $41.50 and Unilever Caribbean ended with a fall of 46 cents to close at $12.55.
Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank which could rise by 200 percent, the severely undervalued Guardian Holdings, with a 326 percent potential, Republic Holdings at 140 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 384 percent, Eric Solis with a 100 percent potential gain and One Caribbean Media with 330 percent.
Investors should watch Prestige Holdings, which could gain 80 percent and Trinidad and Tobago NGL, 300 percent.

A week of decline for Trinidad stocks


Trading on the Trinidad and Tobago Stock Exchange ended the past week, with several stocks recording sizable price changes that resulted in mixed fortunes for the two major indices.

At the close of the week, the All Trinidad and Tobago Index rose marginally by less than one percent and the Combined Index just slipped lower. Just four stocks gained at the close of the week, and 14 declined, a turnaround from the prior week with 12 rising and 9 declining.

The average PE ratio of the market closed slightly higher at 8.25, based on 2023 earnings and 5.75, based on estimates of 2024 earnings. The two ratios continue to deviate wildly, with several stocks being undervalued.

Unlike the previous week when the financial sector enjoyed solid gains, this past week all declined except for Republic Holdings was unchanged at $113.09.  Ansa McAl rallied $1.50 to $51.50 and Unilever Caribbean ended with a gain of $2.01 to close at $13.01.
Ansa Merchant Bank and Scotiabank dropped $1 to close at $40 and $53, respectively. First Citizens Bank lost 37 cents to $41.75, Endeavour Holdings fell $1.85 to $16.15 and the Calypso Macro Index Fund shed $1.50 to $23.50.

Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank which could rise by 200 percent, the severely undervalued Guardian Holdings, with a 440 percent potential, Republic Holdings at 140 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 340 percent, Eric Solis with a 100 percent potential gain and One Caribbean Media with 330 percent.
Investors should watch Prestige Holdings, which could gain 90 percent and Trinidad and Tobago NGL, 290 percent.

Falling stocks dominate Trinidad Exchange


Following a two day holiday break, declining stocks dominated trading on the Trinidad and Tobago Stock Exchange on Wednesday, with trading in 22 securities up from 20 on Friday and ending with prices of two stocks rising, 10 declining and 10 ended firm, with minimal effect on the market indices, following a 24 percent decline in the volume of stocks exchanged with a 49 percent decline in value compared to Friday.

The market closed with trading of 621,202 shares worth $3,237,460 compared to 820,603 stock units at $6,335,662 on Friday.
An average of 28,236 shares were traded at $147,157 compared with 41,030 units at $316,783 on Friday, with an average of 16,679 shares at $130,461 for March.
The Composite Index slipped 0.11 points to  end trading at 1,049.84, the All T&T Index declined 1.01 points to 1,528.91, the SME Index remained unchanged at 91.85 and the Cross-Listed Index rallied 0.12 points to conclude trading at 75.18.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s dipped 16 cents in closing at $68 with 363 shares crossing the market, Angostura Holdings remained at $14.05 in trading 2 units, Ansa McAl sank $2 to end at $48 with 5,838 shares clearing the market. Calypso Macro Investment Fund dropped $1.50 to end at $23.50 after an exchange of 80 stocks, CIBC Caribbean Bank ended at $8.19 and closed after the trading of 1,544 stocks, Endeavour Holdings ended at $18 in an exchange of 10 units. First Citizens Group lost 12 cents to close at $42 with 20,417 stocks crossing the market, GraceKennedy remained at $3.69 with investors dealing in 121 shares, Guardian Holdings ended at $14.85 with investors trading 322 stock units. Guardian Media remained at 96 cents in switching ownership of 7 shares, JMMB Group remained at $1.22 with investors swapping 1,755 stock units, Massy Holdings declined 1 cent in closing at $3.89 with a transfer of 38,854 stocks. National Enterprises fell 5 cents to $2.60 as 23,000 units passed through the market, National Flour Mills slipped 8 cents and ended at $1.62 after a transfer of 100,045 stocks, NCB Financial ended at $2.34 with traders dealing in 400,786 shares. One Caribbean Media dropped 27 cents to close at a 52 weeks’ low of $2.70 after an exchange of 5,828 stock units, Prestige Holdings remained at $11.15 with investors trading 366 units, Republic Financial shed $1.09 to finish at a 52 weeks’ low of $112 in an exchange of 3,956 shares. Scotiabank skidded 98 cents to $53.02 with investors trading 2,355 stock units, Trinidad Cement ended at $2.40 after an exchange of 265 stocks, Unilever Caribbean advanced 75 cents and ended at $11.75 with 9,027 units changing hands and West Indian Tobacco popped 1 cent in closing at $5.44 with an exchange of 6,261 stocks.

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

Trading picks up on Trinidad Stock Exchange


Stocks ended with winners being overcome by losers on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded rising 13 percent valued 66 percent more than on Wednesday and resulting in 22 securities trading compared with 24 on Wednesday and ending with prices of six rising, seven declining and nine ended firm.

The market closed with trading of 244,571 shares for $2,768,304 up from 216,849 units at $1,665,897 on Wednesday.
An average of 11,117 shares were traded at $125,832 well above the 9,035 stock units at $69,412 on Wednesday, with trading month to date averaging 14,290 shares at $91,997, in line with 14,840 units at $86,138 on the previous day compared to an average for February of 22,005 shares at $200,032.
The Composite Index sank 2.79 points to 1,063.39, the All T&T Index dipped 4.68 points to finish at 1,563.87, the SME Index remained unchanged at 83.50 and the Cross-Listed Index dropped 0.11 points to 73.88.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close,  Agostini’s remained at $68 in an exchange of 79 stocks, Angostura Holdings dropped 5 cents to $14.25 with traders dealing in 201 shares. Ansa McAl lost 64 cents to end at $57.35 in an exchange of 550 stock units, CIBC Caribbean Bank shed 15 cents in closing at $8 with investors trading 95,541 units, First Citizens Group fell 15 cents to close at $41.35 with a transfer of 5,390 stocks. GraceKennedy at $3,69 ended with an exchange of 1,001 shares, Guardian Holdings rose 1 cent to $14.86 after trading 40,430 units, Guardian Media ended at $1.12 with an exchange of 10 stocks, JMMB Group popped 15 cents in closing at $1.25 with 5,520 shares crossing the market. L.J. Williams B share remained at 81 cents in trading 1 stock unit, Massy Holdings advanced 6 cents and ended at $3.95 with 53,579 units crossing the exchange, National Enterprises rallied 1 cent to finish at $2.66 after a transfer of 6,816 stocks. National Flour Mills ended at $1.69 with investors swapping 2,001 shares, NCB Financial slipped 4 cents to end at a 52 weeks’ low of $2.35 after an exchange of 530 stocks, One Caribbean Media remained at $2.85 with 1 unit clearing the market. Point Lisas increased 18 cents and ended at a 52 weeks’ high of $3.28 in switching ownership of 1 stock unit, Prestige Holdings ended at $11.30 after an exchange of 543 shares, Republic Financial dipped 26 cents to close at $113.14 after an exchange of 6,924 stock units. Scotiabank sank 5 cents to $55.95 after 741 stocks passed through the market, Trinidad & Tobago NGL ended at $4.20 with investors trading 1,372 units, Trinidad Cement remained at $2.35 with 23,239 stocks crossing the market and West Indian Tobacco gained 8 cents to close at $5.50 with investors trading 101 units.

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

No TTSE trading on Monday & Tuesday


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.

After a two days break, trading resumes on  Ash Wednesday which is not a public holiday in the country, with the All Trinidad & Tobago Index at 1566.83 and the Composite index at 1,064.71 following the close of the market last Friday.

Stocks popped higher on Trinidad Exchange


Rising stocks edged out losers on the Trinidad and Tobago Stock Exchange on Friday, following trading in 21 securities, up from just 15 on Thursday and ending with prices of six stocks rising, five declining and 10 ended firm as the volume of stocks traded surged 229 percent and the value 177 percent more than on Thursday resulting in modest movements in the market indices.

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.
An average of 13,582 shares were traded for $90,403, up from just 5,785 units at $45,651 on Thursday, with trading for the month to date ending with an average of 22,005 shares at $200,032, which is in line with 22,530 units at $206,864 on the previous day and well over the average for January of 17,669 shares at $153,409.
The Composite Index advanced 0.30 points to 1,064.71, the All T&T Index skidded 0.21 points to close trading at 1,566.83, the SME Index remained unchanged at 96.65 and the Cross-Listed Index popped 0.12 points to settle at 73.82.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
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.

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

Trinidad Stock Exchange fell this week


Stocks closed the week in narrowing of the gap between winning and losing stocks but still ended with the bias towards losers on the Trinidad and Tobago Stock Exchange with 7 stocks gaining and 11 declining compared with 7 rising and 13 in the previous week, resulting in the All Trinidad and Tobago and the Combined Indices falling between 0.7 and 1.2 percent in the week.

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.
In another week of mostly moderate price movements, Endeavour Holdings beat the trend by climbing $1 to a 52 weeks’ high of $20 followed by Prestige Holdings up 39 cents to close the week at $11.30.
The financial sector dominated the list of major losers, with three out of six listings falling. Scotiabank lost $1.74 to end at $54.06, Ansa McAl dived $1 to $58, Angostura Holdings dropped 49 cents to $14, Unilever Caribbean lost 38 cents in closing at $10.81 and Republic Holdings fell 34 cents in closing at $113.51 and First Citizens Bank declined 35 cents to end the week at $41.65.
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.
Investors should watch Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with a potential gain of 240 percent.