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.
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.
The average PE ratio of the market closed at 8.09, up from 7.74 based on 2023 earnings and 5.72 based on estimates of 2024 earnings. The difference illustrates the market’s current undervalued level and the potential gains ahead.
The average PE ratio of the market closed at 7.74 based on 2023 earnings and 5.67 based on estimates of the 2024 earnings. The difference illustrates the market’s current undervalued level and the potential gains ahead.
The market closed with trading of 426,040 shares for $2,568,765 up sharply from 64,916 stock units at $470,799 on Wednesday. An average of 23,669 shares were traded valued at $142,709 compared with 3,606 units at $26,156 on Wednesday. Trading for the month to date ended with an average of 17,031 shares at $100,808 compared with 16,493 units at $97,415 on the previous day and an average for February of 22,005 shares at $200,032.
National Flour Mills lost 8 cents to end at $1.61 with traders dealing in 2,000 units, NCB Financial ended at $2.35 in an exchange of 25,848 stock units. Prestige Holdings dipped 1 cent to $11.29 with investors dealing in 630 shares, Republic Financial sank 13 cents to end at $112.90 after a transfer of 2,665 units, Scotiabank skidded $1.40 and closed at $54.10 in trading 1,202 stocks. Trinidad & Tobago NGL rose 3 cents to $4.05 with 4,103 stock units crossing the market, Unilever Caribbean fell 1 cent and ended at $11.18 with an exchange of 1,000 shares and West Indian Tobacco remained at $5.44 in trading of 8,887 stocks.
The average PE ratio of the market closed at 7.74 based on 2023 earnings and 5.6 based on estimates of the 2024 earnings. The difference illustrates the market’s current undervalued level and the potential gains ahead.
The market closed with trading of 283,084 shares with a value of $1,543,838 compared to 244,571 stocks at $2,768,304 on Thursday.
At the close of a day of slow trades, Agostini’s remained at $68 with a transfer of 72 stock units, Angostura Holdings lost 25 cents to $14 with 315 shares changing hands, Calypso Macro Investment Fund ended at $25 after an exchange of 19 units. CIBC Caribbean Bank ended at $8 after transferring 12,396 units, CinemaOne remained at $4.68 with traders dealing in 5 shares, Eric Solis Marketing ended at $4 with 3,700 stocks crossing the exchange. First Citizens Group popped 15 cents and ended at $41.50 with investors trading 1,762 units, GraceKennedy ended at $3.69 with 1,876 stock units clearing the market, Guardian Holdings remained at $14.86 after an exchange of 3 shares. Massy Holdings slipped 2 cents to end at $3.93 with 224,968 stocks crossing the market, National Enterprises rose 2 cents to finish at $2.68 in an exchange of 2,673 units, National Flour Mills fell 8 cents to close at $1.61 with 2,912 stock units crossing the market. 
NCB Financial ended at $2.35 in switching ownership of 754 shares, Point Lisas remained at $3.28 after one stock unit passed through the market, Prestige Holdings ended at $11.30 in trading 6,028 stocks. Republic Financial remained at $113.14 after an exchange of 2,263 units, Scotiabank rose 5 cents in closing at $56 with investors swapping 755 shares, Trinidad & Tobago NGL skidded 17 cents to finish at a 52 weeks’ low of $4.03 in an exchange of 3,288 units. Trinidad Cement ended at $2.35 with investors trading 12,769 stocks, Unilever Caribbean gained 24 cents to close at $11 with an exchange of 823 stock units and West Indian Tobacco advanced 5 cents to close at $5.55 with investors trading 5,702 shares.
The market closed with trading of 216,849 shares for $1,665,897 compared to 218,727 stock units at $1,463,082 on Tuesday.
CIBC Caribbean Bank rose 15 cents to end at $8.15 with trading of 1768 shares, Endeavour Holdings lost $2.85 to end at $16.15 in an exchange of 133 stock units. First Citizens Group declined 50 cents to $41.50 and closed with an exchange of 1,873 stock units, GraceKennedy closed at $3.69 with investors trading 37,251 stock units, Guardian Holdings shed 15 cents to finish at $14.85 in an exchange of 16,119 shares. Guardian Media remained at $1.12 after trading of 10 units, JMMB Group ended at $1.10 as investors exchanged 10,892 stocks, Massy Holdings slipped 1 cent in closing at $3.89 after trading 110,507 stock units. National Enterprises ended at $2.65 with 3,033 shares clearing the market, National Flour Mills climbed 4 cents to finish at $1.69 with traders dealing in 5,537 stocks, NCB Financial remained at $2.39 with 50 units crossing the market. One Caribbean Media ended at $2.85 with a transfer of 10 stock units, Point Lisas dropped 11 cents in closing at $3.10 after 588 shares crossed the market, Prestige Holdings remained at $11.30 with an exchange of 45 units. 
Republic Financial ended at $113.40 after 4,660 stocks passed through the market, Scotiabank popped 80 cents to $56 with investors swapping 401 stocks, Trinidad & Tobago NGL sank 30 cents to close at a 52 weeks’ low of $4.20 after an exchange of 2,448 shares. Trinidad Cement fell 5 cents and ended at $2.35 with 1,660 stocks crossing the exchange, Unilever Caribbean dipped 39 cents to finish at $10.76 in switching ownership of 406 stocks and West Indian Tobacco skidded 8 cents to end at 52 weeks’ low of $5.42 with an exchange of 50 units.
Calypso Macro Investment Fund remained at $25 with investors swapping 19 units, CIBC Caribbean Bank ended at $8 after an exchange of 2,765 stocks, First Citizens Group rose 49 cents and ended at $41.50 after closing with an exchange of 3,669 units. GraceKennedy remained at $3.69 in an exchange of 163 shares, Guardian Holdings gained 10 cents in closing at $15 with investors trading 10,000 stock units, Guardian Media ended at $1.12 after an exchange of a mere 10 shares. JMMB Group popped 2 cents to close at $1.10 with investors dealing in 150 stocks, Massy Holdings dipped 2 cents and ended at $3.89 with 9,146 units crossing the market. National Enterprises remained at $2.68 with traders dealing in 6,902 stock units. National Flour Mills increased 5 cents to $1.70 as investors exchanged 30 shares, 
NCB Financial fell 1 cent in closing at $2.39 after just 5 units were traded, One Caribbean Media climbed 1 cent to close at $2.85 with an exchange of 5 stocks. Prestige Holdings rallied 14 cents to end at $11.29 with 1,044 stock units changing hands, Republic Financial ended at $113.50 with investors trading 613 shares, Scotiabank advanced $1.33 to finish at $55.48 with 99 stocks clearing the market. Trinidad & Tobago NGL slipped 5 cents to $4.25 with a transfer of 2,000 units, Trinidad Cement sank 10 cents to end at $2.40 with 3,705 stock units crossing the market and West Indian Tobacco popped 2 cents in closing at $5.52 in trading 7,675 shares.
