Ansa Mcal jumped $7 to close the week at $67 on the Trinidad and Tobago Stock Exchange that closed with mixed fortunes with gains with the All Trinidad Index closing 0.4 percent lower and the Composite index rising 0.5 percent.
The market closed with prices of 9 stocks rising and 9 falling to be slightly more positive than the previous week that closed with 11 rising and 9 declining.
The average PE ratio of the market is 7.86, compared to 5.2 based on the current year’s earnings. The difference between the two graphically illustrates the market’s current undervalued level and by extension the upside potential ahead.
The other winning stocks of note for the week are, Agostini’s with a gain of $1.55 to $64, Republic Holdings ended with a 99 cents rally to $112.99, CIBC Caribbean Bank is up 40 cents to close at $7.90 and Unilever Caribbean up 20 cents to $11.20.
Falling stocks with larger price movements are Endeavour Holdings dropping $1 to $17, Scotiabank declined by 80 cents to $55.95 and One Caribbean Media down 18 cents to $2.81.
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 highly undervalued Guardian Holdings, a stock, with a 480 percent potential, Republic Holdings at 120 percent, Massy Holdings at 100 percent, Trinidad Cement with 350 percent, Eric Solis trading at a new high closes the week with a 400 percent and One Caribbean Media with 300 percent.
Investors should not forget Prestige Holdings with the potential to gain 80 percent.
The market closed with trading of 92,455 shares with valued $603,956 compared to 258,779 stock units at $882,403 on Thursday. At close an average of 5,136 shares were traded at $33,553 compared to 18,484 units at $63,029 on Thursday, with trading month to date, averaging 25,044 shares at $171,335 compared with 26,054 stock units at $178,322 on the previous day and an average for October than ended with 39,057 shares at $305,306.
Calypso Macro Investment Fund fell 5 cents to end at $23.60 with 1,267 shares changing hands. CIBC Caribbean Bank climbed 25 cents and ended at $7.90 after closing with an exchange of 2,170 stock units, First Citizens Group slipped 10 cents to finish at $40.40 as investors traded 1,537 shares, GraceKennedy popped 11 cents to close at $3.70 after transferring of 14,440 stocks. Guardian Holdings advanced 11 cents to $13.75 after the trading of 5,415 units, JMMB Group lost 3 cents and ended at a 52 weeks’ low of $1.07 with an exchange of 7,110 stock units, L.J. Williams B share shed 1 cent to end at a 52 weeks’ low of 79 cents with 2,067 shares crossing the market. Massy Holdings increased 15 cents in closing at $3.84 with a transfer of 1,907 stock units, National Enterprises rallied 5 cents to finish at $2.80 after an exchange of 1,580 stocks, 
Prestige Holdings ended at $11.30 with investors dealing in 2,271 units. Republic Financial declined 51 cents to $112.99 after an exchange of 1,162 stocks, Scotiabank sank 55 cents and ended at $55.95 with investors trading 262 shares, Trinidad & Tobago NGL dropped 5 cents in closing at $4.65 with 6,738 stocks changing hands. Trinidad Cement remained at $2.31 after 38,600 stock units passed through the market, Unilever Caribbean sank 5 cents to $11.20 with 2,433 stocks crossing the exchange and West Indian Tobacco gained 50 cents to end at $5.50 with investors trading 3,050 shares.
The market closed with trading of 240,875 shares for $6,520,236 up from 75,943 stocks at $3,380,447 on Monday. An average of 16,058 shares were traded for $434,682 compared with 4,219 stock units at $187,803 on Monday, with trading month to date averaging 26,479 shares at $185,173 compared with 26,984 units at $173,098 on the previous day and an average for October that ended with 39,057 shares at $305,306.
At the close of trading, Angostura Holdings remained at $15 after an exchange of 541 shares, Ansa McAl dipped 3 cents to close at $59.80 with investors dealing in 11,027 stocks, Calypso Macro Investment Fund rose 7 cents to $23.67 with 17 stocks crossing the market. First Citizens Group slipped 2 cents to close at $40.39 with investors trading 129,932 stock units, JMMB Group popped 2 cents in closing at $1.09 with 500 shares crossing the market, L.J. Williams B share skidded 8 cents to finish at a 52 weeks’ low of 82 cents in an exchange of 200 stocks. Massy Holdings dipped 9 cents and ended at $3.84 with investors trading 75,322 units, National Flour Mills ended at $1.70 in an exchange of 589 stock units, NCB Financial remained at $2.30 with traders dealing in 5,000 shares. 
Prestige Holdings slipped 29 cents to end at $11.01 after a transfer of 2,472 units, Republic Financial lost $1 in closing at $114 after 931 stocks changed hands, Scotiabank shed $1.85 to close at $a 52 weeks’ low of 54.50 in trading 1,057 stock units. Trinidad & Tobago NGL ended at $4.65 with 5,558 shares crossing the exchange, Unilever Caribbean ended at $11.15 with a transfer of 7,194 stocks and West Indian Tobacco remained at $5.55 after an exchange of 535 units.
Against the above developments, two stocks gained and 7 fell in the Junior Market TOP10, in the Main Market TOP10 5 stocks gained and 3 declined.
In the Junior Market ICTOP10, no stock gained more than 2 percent. but Elite Diagnostic shed 12 percent to close at $1.85, Express Catering fell 10 percent to $3.14 and Jamaican Teas dipped 4 percent to $2.08.
In the Junior Market IC TOP10 are 11 stocks, 23 percent of the market, with PEs ranging from 15 to 29 with an average of 21 and a PE of 17 for half of the market with the highest PEs.
The market closed with prices of 11 stocks rising and 9 falling to be slightly more positive than the previous week that closed with 9 rising and 11 declining.
Stocks that could gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank with a possible gain of 230 percent, the hugely undervalued Guardian Holdings, a stock, with a 480 percent potential, Republic Holdings at 120 percent, Massy Holdings at 100 percent, Trinidad Cement with 350 percent, Eric Solis trading at a new high closes the week with a 400 percent and One Caribbean Media with 300 percent.
The market closed with trading of 992,658 shares for $5,202,860 up from 491,432 stocks at $4,726,461 on Thursday. An average of 49,633 shares were traded at $260,143 compared with 25,865 units at $248,761 on Thursday, with trading month to date averaging 28,387 shares at $172,193 compared with 26,825 units at $165,732 on the previous day and an average for October of 39,057 shares at $305,306.
CIBC Caribbean Bank fell by 15 cents and ended at $7.50 after a transfer of 987 stock units, Endeavour Holdings popped 95 cents to close at o a 52 weeks’ high of $18 after investors exchanged 60 shares, First Citizens Group ended at $40.40 after 130 stocks passed through the market. GraceKennedy skidded 5 cents in closing at $3.59 in an exchange of 136,327 units, Guardian Holdings sank 76 cents to a 52 weeks’ low of $13.64, with traders dealing in 1,545 stock units, JMMB Group gained 3 cents and ended at $1.07 in an exchange of 108,384 shares. Massy Holdings rose 5 cents to finish at $4 with investors swapping 243,885 stock units, National Enterprises climbed 10 cents to end at $2.75 with 10,002 stocks crossing the exchange, National Flour Mills remained at $1.70 in trading 600 units. NCB Financial ended at $2.25 with 440,100 stocks clearing the market, 
One Caribbean Media increased 11 cents to $2.99 with a transfer of 300 units, Prestige Holdings ended at $11.30 with 220 shares crossing the market. Republic Financial dipped $2 to finish at a 52 weeks’ low of $112 with investors trading 20,718 stock units, Scotiabank remained at $56.75 after an exchange of 164 shares, Trinidad & Tobago NGL ended at $4.70 with investors trading 13,068 units. Unilever Caribbean remained at $11 with 2,467 stocks changing hands and West Indian Tobacco rallied 5 cents to close at $5.55 with an exchange of 11,129 stock units.
The market closed with trading of 298,974 shares carrying a value of $2,540,905 compared with 353,916 stocks at $2,590,819 on Monday.
At the close of trading, Agostini’s fell $1.44 in closing at $61 after 450 shares passed through the market, Ansa McAl remained at $60 with investors dealing in 10,202 stocks, Calypso Macro Investment Fund ended at $23.67 with one stock being traded. CIBC Caribbean Bank rose 93 cents to finish at $8 with investors trading 810 stocks, First Citizens Group dipped 2 cents and ended at $40.42 after an exchange of 1,792 shares, GraceKennedy sank 3 cents to close at $3.65 in trading 2,827 stocks. Guardian Holdings advanced 80 cents to close at $14.40 with 28,785 units changing hands, JMMB Group remained at $1.02 with investors swapping 102,207 stock units, Massy Holdings popped 5 cents and ended at $3.90 after a transfer of 110,670 shares. National Enterprises dropped 4 cents to close at $2.66 as investors exchanged 700 units, One Caribbean Media gained 2 cents to end at $2.82, with 20 stocks changing hands, 
Prestige Holdings sank 20 cents in closing at $11.30 in an exchange of 3,680 stock units. Republic Financial rallied 50 cents to $115.50 with 4,963 shares crossing the market, Scotiabank shed 25 cents to finish at $56.75 after an exchange of 2,282 stocks, Trinidad & Tobago NGL declined 5 cents and ended at a 52 weeks’ low of $4.65 with a transfer of 23,506 units. Trinidad Cement increased 5 cents to end at $2.50 as 4,000 stock units passed through the market, Unilever Caribbean climbed 50 cents in closing at $11 with an exchange of 1,079 shares and West Indian Tobacco lost 48 cents to close at a 52 weeks’ low of $5.50 in trading 1,000 units.
The market closed with the trading of 353,916 shares for $2,590,819 compared to 308,604 stock units at $5,920,509 on Friday. An average of 19,662 shares were traded at $143,934 versus 15,430 units at $296,025 on Friday, with trading month to date averaging 29,056 shares at $168,855 compared with 29,902 units at $171,099 on the previous day and an average for October of 39,057 shares at $305,306
At the close of the market, Ansa McAl increased 20 cents to end at a 52 weeks’ high of $60 with 378 shares crossing the market, Calypso Macro Investment Fund remained at $23.67 after an exchange of 2 stocks, CIBC Caribbean Bank slipped 93 cents in closing at $7.07 with a transfer of 253 shares. First Citizens Group popped 3 cents to finish at $40.44 with 6,868 stock units clearing the market, GraceKennedy advanced 3 cents and ended at $3.68 in switching ownership of 20,000 shares, Guardian Holdings ended at $13.60 with traders dealing in 90,446 stock units. JMMB Group remained at $1.02 after an exchange of 31,855 stocks, L.J. Williams B share ended at 90 cents with investors swapping 7,066 units, Massy Holdings lost 5 cents to finish at $3.85 with 28,290 stocks crossing the exchange. National Enterprises ended at $2.70 with the trading of 14,783 units, 
National Flour Mills rose 5 cents in closing at $1.70 as investors exchanged 11,724 shares, NCB Financial rallied 10 cents to end at $2.25 in the trading of 30,200 stock units. Point Lisas slipped 1 cent in closing at $3.10 after 1,000 shares passed through the market, Prestige Holdings remained at $11.50 and closed with 8 units changing hands, Republic Financial sank $2 and ended at a 52 weeks’ low of $115 after a transfer of 404 stocks. Scotiabank shed 10 cents to end at $57 with investors trading 2,690 stock units, Trinidad & Tobago NGL remained at $4.70 in an exchange of 107,394 shares and Trinidad Cement fell 16 cents to finish at a 52 weeks’ low of $2.45 with investors trading 555 stock units.
Stocks that could gain more than 100 percent when the market comes back to life, include, CIBC Caribbean Bank with a possible gain now down to 200 percent, following the gains this past week, but the high level of potential supply may stifle this stock from achieving full potential, Guardian Holdings, a hugely undervalued stock, with a 500 percent potential, Republic Holdings at 115 percent, Massy Holdings at 100 percent, Trinidad Cement with 300 percent, Eric Solis 400 percent and One Caribbean Media with 300 percent.