Stocks were collectively pushed higher on the Trinidad and Tobago Stock Exchange this past week, resulting in the All Trinidad and Tobago and the Combined Indices rising between 0.3 and 0.6 percent in the week, following gains in prices of just seven stocks and 13 declining, not much different from the six rising and 12 declining at the end of the previous week.
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.
In another week of mostly moderate price movements, Unilever Caribbean recovered the 39 cents it lost in the previous week to close at $11.19 and Republic Holdings rose 54 cents in closing at $113. Ansa McAl dipped 50 cents to $59 and Agostini’s dropped 30 cents to close at $68.20.
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 210 percent, the severely undervalued Guardian Holdings, with a 430 percent potential, Republic Holdings at 160 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 90 percent and Trinidad and Tobago NGL with a potential gain of 240 percent.
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.
The market closed with trading of 318,786 shares for $11,193,162 up from just 70,323 stock units at a mere $892,844 on Tuesday. An average of 15,939 shares were traded at $559,658 compared with 3,907 units at $49,602 on Tuesday. Trading month to date averaged 18,556 shares at $160,979 versus 18,965 units at $98,682 on the previous day and an average for January of 17,669 shares at $153,409.
At the close of an active trading session, Agostini’s gained 30 cents to close at $68.50 with investors trading 20 stock units, Angostura Holdings fell 1 cent to $14.49 after 220 shares passed through the market, Ansa McAl ended at $59 in trading 8,000 stock units. CIBC Caribbean Bank remained at $8 with 200 units clearing the market, First Citizens Group slipped 1 cent to $42.15 as investors exchanged 2,892 stocks, GraceKennedy fell 3 cents to $3.70 with a transfer of 7,804 shares. Guardian Holdings rose 12 cents to $14.97 with investors swapping 529 stock units, Guardian Media lost 1 cent in closing at $1.11 in switching ownership of 1,200 units, JMMB Group advanced 1 cent to close at $1.04 after an exchange of 1,000 stocks. Massy Holdings remained at $3.90 with 103,211 units crossing the market, National Enterprises ended at $2.69 with an exchange of 4,615 shares, National Flour Mills popped 1 cent to end at $1.70 after trading of 11,405 stock units. 
NCB Financial dropped 3 cents in closing at a 52 weeks’ low of $2.36 after 29,525 shares were exchanged, Prestige Holdings increased 6 cents to $10.91 with traders dealing in 2,195 stock units, Republic Financial ended at $113.31 with 85,108 stocks crossing the exchange. Scotiabank remained at $56 after a transfer of 1,109 units, Trinidad & Tobago NGL ended at $4.69 with investors trading 46,752 stocks, Trinidad Cement shed 5 cents to close at a 52 weeks’ low of $2.30 in an exchange of 2,252 units. Unilever Caribbean remained at $11.19 with only one share changing hands and West Indian Tobacco remained at $5.40 after an exchange of 10,748 stock units.
Market movements resulted in prices of just two stocks rising and four declining in the Junior Market TOP10 stocks while the Main Market TOP10 ended with three gaining and five falling.
MMB Group returns to the Main Market ICTOP10 after a week’s absence, replacing Caribbean Producers. There is no change in the Junior Market ICTOP10 list.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
Trading ended with an exchange of 404,700 shares for $2,458,018 well above 72,614 stocks at $484,805 on Friday.
At the close of market activity, Ansa Merchant Bank remained at $40 after a transfer of 80 stock units, Calypso Macro Investment Fund ended at $23.75 in swapping just 20 shares, CIBC Caribbean Bank rose 20 cents in closing at $8 with investors dealing in 720 units. First Citizens Group slipped 11 cents to $41.99 after 9,223 stocks changed hands, GraceKennedy climbed 6 cents to close at $3.80 as investors exchanged 12,062 units, Guardian Holdings fell 15 cents to end at $14.85 with 70 stocks crossing the market. Massy Holdings remained at $3.90 after an exchange of 364,699 shares, National Enterprises ended at $2.72 as 1,015 stock units passed through the market, National Flour Mills skidded 4 cents in closing at $1.65 with investors ended up trading 3,847 shares. 
One Caribbean Media lost 5 cents to close at $2.80 with 5,107 stocks clearing the market, Prestige Holdings rose 25 cents to end at $11 with investors swapping 10 units, Republic Financial dipped 1 cent to finish at $113.30 with 2,786 stock units crossing the market. Scotiabank remained at $56 in an exchange of 4,420 shares, Trinidad & Tobago NGL shed 5 cents to close at a 52 weeks’ low of $4.60 with traders dealing in 90 stock units, Unilever Caribbean rallied 39 cents to finish at $11.19 with 505 stocks crossing the exchange and West Indian Tobacco ended at $5.39 with a transfer of 46 units.
Stocks declined for a second week on Trinidad and Tobago Stock Exchange driven mostly by cross-listed shares as the All Trinidad and Tobago Index rose marginally in the week, with prices of just 6 stocks rising and 12 declining, for an improved performance over just 5 rising and 15 declining at the end of the previous week. 
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 210 percent, the severely undervalued Guardian Holdings, with a 430 percent potential, Republic Holdings at 160 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 340 percent. Eric Solis with a 90 percent potential gain and One Caribbean Media with 31 percent.
The market closed with a mere 72,614 shares being traded for just $484,805, down from 398,160 stock units at $4,658,562 on Thursday. At the close of the market, an average of 3,631 shares were exchanged at $24,240 well below the 18,098 units at $211,753 on Thursday. Trading for the month to date averaged 20,771 shares at $98,722 compared with 25,403 units at $118,857 on Thursday, compared to an average for January of 17,669 shares for $153,409.
At the close of trading, Agostini’s gained 50 cents to end at $68.50 after a transfer of just 7 stock units, Angostura Holdings rose 50 cents in closing at $14.50 with 136 shares crossing the market, Ansa McAl dropped 30 cents to $59.50 with traders dealing in 111 stock units. Calypso Macro Investment Fund ended at $23.75 after an exchange of 11 units, CIBC Caribbean Bank remained at $7.80 in switching ownership of 917 stocks, CinemaOne ended at $5.50 with investors swapping 5 units. Eric Solis Marketing fell 5 cents to $4.20 in an exchange of a mere 2 shares, First Citizens Group remained at $42.10 with investors trading 2,222 stock units and Guardian Holdings rallied 15 cents to end at $15 after 16 shares passed through the market. Massy Holdings declined 5 cents and ended at $3.90 in an exchange of 60,726 stock units, National Enterprises popped 3 cents to close at $2.72 with investors dealing in 90 stocks, National Flour Mills remained at $1.69 after an exchange of 25 units. 
NCB Financial ended at $2.39 in trading 209 shares, One Caribbean Media ended at $2.85 after an exchange of 370 units, Prestige Holdings remained at $10.75 with a transfer of 940 stocks. Republic Financial ended at $113.31 with 746 stocks changing hands, Scotiabank advanced 19 cents to close at $56 with 282 shares crossing the exchange, Trinidad & Tobago NGL remained at $4.65 after trading 5,000 units. Unilever Caribbean shed 39 cents to finish at $10.80 with 122 stocks clearing the market and West Indian Tobacco increased 10 cents to finish at $5.39 with an exchange of 677 stock units.
The market closed with trading in 398,160 shares valued at $4,658,562 compared with 405,143 stock units at $1,598,480 on Wednesday. An average of 18,098 shares were traded at $211,753 versus 22,508 units at $88,804 on Wednesday, with trading month to date averaging 25,403 shares at $118,857 compared to 28,493 units at $79,552 on the previous day and an average for January of 17,669 shares at $153,409.
CIBC Caribbean Bank sank 19 cents in closing at $7.80 after an exchange of 15,906 stocks, First Citizens Group increased 15 cents to end at $42.10 with 32,262 shares passing through the market, GraceKennedy rose 4 cents to end at $3.74 in switching ownership of 1,293 stocks. Guardian Holdings dropped 1 cent to close at $14.85 with 1,358 stock units crossing the exchange, Guardian Media ended at $1.12 with investors dealing in 2,661 stock units, JMMB Group remained at $1.03 with a transfer of 6,803 shares. L.J. Williams B share dipped 5 cents to finish at a 52 weeks’ low of 75 cents after investors exchanged 1,310 stock units, Massy Holdings advanced 5 cents and ended at $3.95 after 298,120 stocks passed through the market, National Enterprises fell 2 cents to close at $2.69 with an exchange of 80 units. National Flour Mills shed 1 cent to $1.69 with 1,577 stocks changing hands, NCB Financial ended at $2.39 after a transfer of 5,872 shares, One Caribbean Media dropped 5 cents to end at $2.85 with investors trading 1,633 units. 
Prestige Holdings remained at $10.75 in an exchange of 155 units, Republic Financial rose 41 cents and ended at $113.31 with 15,964 stocks clearing the market, Scotiabank sank 19 cents to close at a 52 weeks’ low of $55.81 and closed after an exchange of 205 stock units. Trinidad & Tobago NGL skidded 5 cents to a 52 weeks’ low of $4.65 with investors swapping 2,000 shares, Trinidad Cement remained at $2.35 in an exchange of 7,800 stock units, Unilever Caribbean gained 43 cents to end at $11.19 with traders dealing in 88 shares and West Indian Tobacco slipped 11 cents in closing at a 52 weeks’ low of $5.29 with 1,010 stocks being traded.
The market closed with trading of 405,143 shares for $1,598,480 down from 1,022,942 stock units at $2,001,539 on Tuesday. An average of 22,508 shares were traded at $88,804 compared with 56,830 stock units at $111,197 on Tuesday, with trading month to date averaging 28,493 shares at $79,552 compared with 31,662 units at $74,609 on the previous day and an average for January of 17,669 shares at $153,409.
Angostura Holdings climbed 23 cents and ended at $14 with investors trading 500 shares, Ansa McAl remained at $59.80 with 10 stocks crossing the market. Calypso Macro Investment Fund skidded 5 cents to end at $23.70 after an exchange of 217 units, CIBC Caribbean Bank lost 1 cent in closing at $7.99, with 14,127 stocks crossing the market, First Citizens Group rose 5 cents to close at $41.95 as investors exchanged 4,498 shares. GraceKennedy ended at $3.70 clearing the market with 10,000 stock units, Guardian Holdings advanced 1 cent in closing at $14.86 in an exchange of 19,998 units, JMMB Group remained at $1.03 with investors dealing in 200,000 shares. Massy Holdings slipped 4 cents to close at $3.90 with 119,430 stock units passing through the market, 
National Enterprises popped 2 cents to end at $2.71 in trading 1,500 stocks, National Flour Mills ended at $1.70 and closed with an exchange of 5,000 units. NCB Financial slipped 1 cent to $2.39 with an exchange of 14,117 stocks, One Caribbean Media gained 1 cent to close at $2.90 with 719 units changing hands, Republic Financial remained at $112.90 with a transfer of 290 shares. Scotiabank ended at $56 with investors swapping 439 stocks and West Indian Tobacco ended at $5.40 in an ownership change of 12,196 shares.