There is no trading on the Trinidad and Tobago Stock Exchange is Monday March 3 and on the following day as the country celebrates with Carnival activities on both days.
After a two days break, trading resumes on Ash Wednesday which is not a public holiday in the country, with the All Trinidad & Tobago Index at 1566.83 and the Composite index at 1,064.71 following the close of the market last Friday.
The market closed with trading of 285,224 shares for $1,898,467 well above the 86,769 stock units at $684,762 on Thursday.
At the close of the last trading day of the month, Agostini’s climbed 19 cents to end at $68.19 with an exchange of 72 stocks, Angostura Holdings rose $1 to end at $14.50 in the trading of 80 units, Calypso Macro Investment Fund sank 40 cents to $23.60 with a transfer of 80 shares. CIBC Caribbean Bank ended trading at $8 with investors trading 2,954 stocks, CinemaOne slipped 72 cents to finish at $4.68 in an exchange of just 2 shares, First Citizens Group rallied 50 cents to close at $41.50 with investors dealing in 1,197 units. GraceKennedy ended at $3.69 and closed after 2,653 stocks were traded, Guardian Holdings ended at $14.90 after a transfer of 1,060 stock units, Guardian Media rallied 1 cent and ended at $1.12 with a mere 2 shares crossing the market. JMMB Group remained at $1.08 with traders dealing in 301 stocks, L.J. Williams B share popped 6 cents to close at 81 cents with 155 units changing hands, Massy Holdings remained at $3.89 after 201,761 stock units passed through the market. 
National Enterprises lost 3 cents in closing at $2.69 in trading 8,435 shares, National Flour Mills advanced 2 cents to $1.70 with 880 units clearing the market, One Caribbean Media ended at $2.85 with investors trading 29,752 stocks. Prestige Holdings closed at $11.15 in an exchange of 87 stocks, Republic Financial ended at $113.52 with investors trading 6,712 shares, Scotiabank skidded $1.55 to end at $54.10 after an exchange of 30 shares. Trinidad & Tobago NGL sank 14 cents in closing at a 52 weeks’ low of $4.51 with 28,672 stocks crossing the market, Unilever Caribbean ended at $11.19 as investors exchanged 4 units and West Indian Tobacco remained at $5.55 in switching ownership of 335 shares.
The market closed with trading of 86,769 shares for $684,762 well off from the 244,787 stock units trading at $3,084,120 on Wednesday.
Fresh from reduced trading activity, Agostini’s ended at $68 in an exchange of 304 shares, Ansa McAl slipped 1 cent to $57.99 with 11 stocks clearing the market, Calypso Macro Investment Fund rose 40 cents to end at 52 weeks’ high of $24 after investors exchanged just 4 shares. First Citizens Group remained at $41 with a transfer of 3,891 stock units, L.J. Williams B share ended at 75 cents with 48,173 shares crossing the exchange, Massy Holdings remained at $3.89 in trading 346 units. National Enterprises climbed 7 cents to $2.72 after 6,484 stocks passed through the market, NCB Financial ended at $2.39 after an exchange of 2,100 stock units, Prestige Holdings sank 15 cents to finish at $11.15 in trading 1,386 shares. 
Republic Financial rose 2 cents in closing at $113.52 with an exchange of 2,550 stock units, Scotiabank rallied $1.63 to close at $55.65 with 427 stocks changing hands, Trinidad & Tobago NGL remained at $4.65 after a transfer of 4,000 stock units. Trinidad Cement popped 10 cents to end at $2.45 with 100 shares crossing the market, Unilever Caribbean gained 38 cents to end at $11.19 after an exchange of 20 stock units and West Indian Tobacco advanced 2 cents in closing at $5.55 with 16,973 units changing hands.
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.
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.
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 179,912 shares with a value of $2,445,820 compared with a mere 13,891 stocks at $575,461 on Monday. Trading close with an average of 11,245 shares for $152,864 up from just 817 units for $33,851 on Monday. Trading month to date averaged 15,000 shares at $135,322 that is in line with 15,299 units at $133,926 on the previous day compared with an average for January of 17,669 shares at $153,409.
At the close of a market session of increased trading, Ansa Merchant Bank ended at $40.05 with trading of 185 stock units, CIBC Caribbean rose 4 cents to $8 with investors swapping 1,947 units, First Citizens Group ended at $41.50 after 5,649 shares were traded. GraceKennedy dropped 4 cents and ended at $3.69 with investors trading 16,659 stock units, JMMB Group lost 2 cents in closing at $1.04 with 84,200 shares crossing the market, L.J. Williams B share remained at 75 cents as investors exchanged 216 stocks. Massy Holdings rose 3 cents and ended at $3.94 after 17,406 units passed through the market, National Enterprises slipped 7 cents to $2.61 after a transfer of 6,592 stock units, National Flour Mills shed 2 cents to finish at $1.65 with 680 shares crossing the market. Point Lisas ended at $3.28 in an exchange of 100 stocks, 
Prestige Holdings ended at $11 with 3,764 stock units clearing the market, Republic Financial fell 19 cents to end at $113.31 and closed after 7,187 stock units changed hands. Scotiabank remained at $55.80 with 18,312 shares crossing the exchange, Trinidad and Tobago NGL skidded 3 cents to a 53 weeks’ low of $4.65 with a transfer of 6,460 stock units, Trinidad Cement closed at $2.30 after an exchange of 8,805 stocks and Unilever Caribbean sank 17 cents to $11.02 in trading 1,750 stocks.
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.
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.
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.