Stocks listed on the Trinidad and Tobago Stock Exchange are mostly undervalued, investors in that market are not jumping to buy up the undervalued stocks that are on heavy discount.
Last week 11 stocks declined and just 3 rose moderately in a continuation of multi-year decline in the market.
During the week, Ansa McAl dropped $4.98, Republic fell 85 cents, Unilever was down 61 cents and Prestige Holdings fell $1.28.
At the close of the week, the PE ratio of several stocks remained low, with indications that gains in the future could be attractive.
The attached chart shows the earnings of Trinidadian listed companies on the Trinidad Stock Exchange, their PE ratio and price movements last week. The PE ratio chart is a guide to help investors with a benchmark to evaluate stocks with the best potential for gains.