Trading surged 1,766 percent, with the value jumping 859 percent on the Trinidad and Tobago Stock Exchange on Tuesday, over Monday, resulting in the trading of 16 securities compared with 15 on Monday and ending with prices of six rising, six declining and four ending firm and resulting in the market indices mostly rising modestly.
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.
An average of 189,674 shares were traded at $1,322,613 well over the 10,843 units at $147,093 on Monday, with trading month to date averaging 23,499 shares at $213,412 up from 14,424 units at $152,839 on the previous day and an average for January of 17,669 shares at $153,409.
The Composite Index rallied 1.02 points to close trading at 1,061.29, the All T&T Index climbed 1.13 points to end at 1,561.50, the SME Index remained at 96.65 and the Cross-Listed Index popped 0.13 points to conclude trading at 73.63.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and four with lower offers.
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.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The week closed with the Main Market index losing 1,770.19 points or 0.54 percent or points while the all Jamaica composite index declined by 0.75 percent or 2,847.1 points and the Junior Market lost 2.2 percent for a fall of 82.14 points. Market movements resulted in prices of just three stocks rising and five declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with two gains and four losses.
Dolphin Cove after a long absence returns to the Junior Market ICTOP10, fallowing a big drop in price during the week, while Iron Rock Insurance returns after a week’s abscence. Dropping out ot the Junior Market Top 10 are Limners and Bards and Cargo Handlers. In the Main Market ICTOP10, VM Investments dropped out, replaced by NCB, with the price at an appealing level for long term investments.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 31 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
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.
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.
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.
Market movements resulted in prices of just three stocks rising and six declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with three gains and two losses.
Dolla Financial and Kintyre Holdings entered the Junior Market ICTOP10, with Jamaican Teas and Iron Rock Insurance dropping out. In the Main Market ICTOP10, Caribbean Producers returns, replacing JMMB Group following the downgrading of earnings for the current fiscal year ending in March. Dolla Financial earnings are based on 2025 projections. The forecast assumes more borrowed funds are taken on during the year to finance expansion. Kintyre Holdings reported earnings of 8 cents for 2024, the latest quarterly numbers suggest earnings should reach 25 cents per share during 2025, all things being equal. The historical performance of the company, suggests a high degree of risk is associated with an investment in the stock.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
Market movements resulted in prices of just three stocks rising and six declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with three gains and two losses.
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.