Trading plunged on the Trinidad and Tobago Stock Exchange on Monday, with a 45 percent drop in the volume of stocks changing hands, valued 42 percent less than on Friday. The market closed with trading in 19 securities, up from 17 on Friday and ended with prices of seven rising, three declining and nine ending firm.
The market closed with trading of 81,418 shares for $782,436, down sharply from 147,311 stock units at $1,341,827 on Friday.
An average of 4,285 shares were traded worth $41,181, down from 8,665 units at $78,931 on Friday, with trading for the month to date ending with an average of 12,899 shares at $81,031, down from 15,626 stock units at $93,653 on the previous day and an average of 16,679 shares at $130,461 for March.
The Composite Index skidded 2.90 points to wrap up trading at 1,046.58, the All T&T Index fell 5.60 points to 1,528.26, the SME Index remained at 91.85 and the Cross-Listed Index was unchanged at 74.33.
The 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 trading, Agostini’s popped 19 cents to close at $68.19 with 75 shares clearing the market, Angostura Holdings popped 5 cents to $14.10 with a transfer of 78 stocks, Ansa McAl gained 50 cents and ended at $52 after an exchange of 1,000 units. Calypso Macro Index Fund rose $1.50 to $25 with 15 shares crossing the market, CIBC Caribbean Bank ended at $8.10 after a transfer of 85 stock units, First Citizens Group remained at $41.75 with investors swapping 3,128 shares. GraceKennedy ended at $3.69 after an exchange of 22 units, Guardian Holdings closed at $14.81 with investors trading 85 stocks, JMMB Group finished trading of 6 stock units at $1.15. Massy Holdings advanced 3 cents to end at $3.89 with traders dealing in 50,063 shares, 
National Enterprises skidded 5 cents to finish at $2.60 after an exchange of 7,905 stock units and National Flour Mills remained at $1.60 with investors trading 616 units. Prestige Holdings increased 18 cents to $11 with an exchange of 743 stocks, Republic Financial fell 9 cents to end at $113 after 2,311 units passed through the market, Scotiabank remained at $53 with investors trading 973 stocks. Trinidad & Tobago NGL ended at $4.04 in an exchange of 7,052 shares, Trinidad Cement lost 15 cents and ended at a 52 weeks’ loss of $2.20 with investors dealing in 2,981 stock units, Unilever Caribbean remained at $13.01 with 18 shares crossing the exchange and West Indian Tobacco rallied 1 cent to $5.45 in trading 4,262 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
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 market closed with trading of 169,059 shares worth $1,040,064 compared to 621,202 stock units at $3,237,460 on Wednesday.
At the close of the market, Angostura Holdings remained at $14.05 after an exchange of 5,000 shares, Ansa McAl rose $6 to $54 with 1,500 stock units being traded, CIBC Caribbean Bank shed 9 cents in closing at $8.10 after an exchange of 513 shares. First Citizens Group ended at $42 after investors ended trading off 2,802 stock units, GraceKennedy sank 4 cents and ended at $3.65 after a transfer of 1,308 units, Guardian Holdings lost 4 cents to end at a 52 weeks’ low of $14.81 with investors trading 1,700 stocks. Guardian Media dipped 1 cent in closing at a 52 weeks’ low of 95 cents in an exchange of 624 units, JMMB Group remained at $1.22 after 37,000 shares passed through the market, L.J. Williams B share ended at 90 cents with 439 stock units crossing the exchange. Massy Holdings ended at $3.89 with investors swapping 37,249 shares, National Enterprises rose 5 cents to end at $2.65 and closed with 900 units changing hands, National Flour Mills fell 12 cents to finish at $1.50 in an exchange of 24,849 stocks. 
NCB Financial advanced 1 cent to $2.35 with 9,374 stock units changing hands, One Caribbean Media remained at $2.70 as investors exchanged 4 shares, Prestige Holdings popped 5 cents to finish at $11.20 in trading 1,676 stock units. Republic Financial ended at $112 with 1,766 stocks clearing the market, Scotiabank rallied 98 cents to end at $54 with an exchange of 180 units, Trinidad & Tobago NGL increased 2 cents in closing at $4.04 with 8,000 shares clearing the market. Trinidad Cement slipped 5 cents to $2.35 with a transfer of 6,037 stock units, Unilever Caribbean sank 10 cents to end at $11.65 with investors dealing in 10,303 stocks and West Indian Tobacco skidded 44 cents in closing at a 52 weeks’ low of $5 in switching ownership of 17,835 units.
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.
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.
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 market closed with trading of 820,603 shares for $6,335,662, up from just 339,143 stock units at $5,290,186 on Thursday.
Ansa McAl ended at $50 with a transfer of 5,353 units, CIBC Caribbean Bank shed 31 cents to close at $8.19 with investors swapping 1,800 shares. Endeavour Holdings ended at $18 in switching ownership of 50 stock units, First Citizens Group ended at $42.12 with 821 shares being traded, Guardian Holdings shed 2 cents to finish at $14.85 in trading 885 units. Guardian Media ended at 96 cents with 21 stocks clearing the market, JMMB Group advanced 2 cents to close at $1.22 in an exchange of 510 stock units, L.J. Williams B share popped 9 cents and ended at 90 cents with 1,000 shares crossing the market. Massy Holdings remained at $3.90 after an exchange of 521,273 stocks, National Enterprises slipped 1 cent to end at $2.65 after the trading of 500 units, One Caribbean Media remained at $2.97 with an exchange of 505 stock units. 
Point Lisas ended at $3.50 after 17,058 shares passed through the market, Prestige Holdings ended at $11.15 after an exchange of 1,085 units, Republic Financial dipped 1 cent and ended at $113.09 with investors trading 6,991 stocks. Scotiabank increased 98 cents to end at $54 in an exchange of 260 stock units, Trinidad & Tobago NGL remained at $4.02 with traders dealing in 4,545 shares, Trinidad Cement climbed 5 cents to close at $2.40 as investors exchanged 2 units. Unilever Caribbean ended at $11 with 14,386 stocks crossing the market and West Indian Tobacco rose 3 cents in closing at $5.43 with investors trading 58,896 stock units.
The market closed with trading of 339,143 shares for $5,290,186 up from 231,844 stocks at $5,567,697 on Wednesday.
Ansa McAl ended at $50 in an exchange of 41,706 shares, Calypso Investment Fund jumped $1.59 and ended at $25 with investors swapping 13 stocks. First Citizens Group climbed 52 cents to end at $42.12 with 16,936 stock units crossing the exchange, GraceKennedy gained 4 cents in closing at $3.69 after a transfer of 26,731 stocks, Guardian Holdings remained at $14.87 with investors trading 735 units. Guardian Media fell 4 cents and closed at a 52 weeks’ low of 96 cents after 346 shares changed hands, JMMB Group rallied 9 cents to close at $1.20 in trading 5 stock units, L.J. Williams B share ended at 81 cents with investors dealing in 561 shares. Massy Holdings popped 4 cents in closing at $3.90 in an exchange of 217,615 stocks, National Enterprises remained at $2.66 with traders dealing in 9,263 units, National Flour Mills advanced 9 cents and ended at $1.70 after an exchange of 255 stock units. Point Lisas gained 22 cents to close at a 52 weeks’ high of $3.50 with 4,094 shares crossing the market, 
Prestige Holdings remained at $11.15 as investors exchanged 630 stocks, Republic Financial popped 3 cents to finish at $113.10 with 12,037 stock units changing hands. Scotiabank ended at $53.02 after an exchange of 2,024 stocks, Trinidad & Tobago NGL skidded 1 cent to end at $4.02 with 2,048 units clearing the market, Unilever Caribbean remained at $11 with an exchange of 30 stocks and West Indian Tobacco slipped 2 cents to close at a 52 weeks’ low of $5.40 after 4,087 shares were traded.
The market closed with trading of 296,235 shares for $2,387,488 up from 130,830 stocks at $1,229,998 on Monday.
Ansa McAl shed $4 to finish at $50 with 191 stocks crossing the exchange. Ansa Merchant Bank rose $1 and ended at $41 with traders dealing in 500 stock units, Calypso Macro Investment Fund lost $1.59 to end at $23.41 in switching ownership of 368 stocks, CIBC Caribbean Bank climbed 3 cents to close at $8.13 with investors trading 44 shares. First Citizens Group increased 4 cents to $41.59 in an exchange of 3,829 units, GraceKennedy ended at $3.50 with investors trading 10,399 stock units, Guardian Media remained at $1 with just one share changing hands. JMMB Group dipped 3 cents to finish at $1.08 with investors swapping 8,320 stocks, Massy Holdings slipped 4 cents and ended at $3.86 after 52,782 units passed through the market, National Enterprises dipped 1 cent to close at $2.65 as investors exchanged 45,839 stock units. 
National Flour Mills fell 6 cents to $1.61 with a transfer of 65,450 shares, Prestige Holdings skidded 77 cents and ended at a 52 weeks’ low of $10.53 with investors dealing in 1,672 units, Republic Financial declined 3 cents to close at $113 with 2,404 stocks crossing the exchange. Scotiabank remained at $54 in trading 3,389 stock units, Trinidad & Tobago NGL lost 1 cent in closing at $4.03 with an exchange of 4,121 shares, Unilever Caribbean ended at $11 with an exchange of 43,784 stocks and West Indian Tobacco ended trading of $5.44 with 5,794 units crossing the market.
The market closed with trading of 130,830 shares for $1,229,998 up from 98,458 stocks at $1,961,543 on Friday.
At the close of the market, Agostini’s popped 14 cents to close at $68.19 with 187 units switching owners, Ansa McAl slipped $2 to $54 with trading of 255 stock units, Calypso Macro Investment Fund remained at $25 with investors dealing in 127 shares. Endeavour Holdings climbed $1.85 in closing at a 52 weeks’ high of $18 with 374 stock units crossing the market, First Citizens Group fell 1 cent to finish at $41.55 as investors exchanged 1,409 shares, GraceKennedy ended at $3.50 with a transfer of 178 units. Guardian Holdings increased 2 cents to $14.87 after an exchange of 1,001 stocks, Guardian Media ended at $1 with a mere 17 stock units crossing the market, JMMB Group rose 1 cent to close at $1.11 in an exchange of 17,482 shares. Massy Holdings rallied 1 cent to end at $3.90 with 2,407 stock units passing through the market, National Flour Mills advanced 6 cents to finish at $1.67 with an exchange of 336 stocks, NCB Financial remained at $2.35 with 9,696 units having been traded. One Caribbean Media gained 5 cents to $2.90 after a transfer of 10,206 stocks, 
Point Lisas ended at $3.28 with investors trading 1,500 units, Prestige Holdings remained at $11.30 in an exchange of 435 shares. Republic Financial popped 98 cents and ended at $113.03 with traders dealing in 1,208 stock units, Scotiabank shed $1 to end at a 52 weeks’ low of $54 after an exchange of 2,010 shares, Trinidad & Tobago NGL sank 1 cent to close at $4.04 with investors trading 12,800 units. Trinidad Cement rallied 5 cents to $2.40 with 100 stocks clearing the market, Unilever Caribbean declined 18 cents to finish at $11 with investors swapping 63,645 stock units and West Indian Tobacco remained at $5.44 with 5,457 shares changing hands.
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.