Stocks declined by one percent on the Trinidad and Tobago Stock Exchange for the week, the second week of falling prices with the two primary market indices slipping by one percent with prices of just 5 stocks rising and 15 declining, compared with just 6 rising and 10 declining at the end of the previous week.
T&T NGL stock could climb by 240%
The average PE ratio of the market, closed at 7.95 based on 2023 earnings compared to 5.42 based on the estimate of the 2024 earnings. The difference graphically illustrates the market’s current undervalued level and the potential gains ahead.
In a week when price movements were mostly negative, Ansa Merchant Bank rose 50 cents to $40, First Citizens Bank gained 36 cents in closing at $42, Angostura Holding popped 49 cents to $14.49 and property owners, Endeavour Holdings popped $1 higher to $19.
Agostini’s dropped $2 to close at $66, Ansa McAl fell 70 cents in landing at $59.80 and Republic Holdings lost 60 cents to $113.40.
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 425 percent potential, Republic Holdings at 160 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 325 percent. Eric Solis with a 90 percent potential gain and One Caribbean Media with 300 percent.
Investors should watch Prestige Holdings with the potential to gain 100 percent and Trinidad and Tobago NGL with a potential gain of 240 percent.
The market closed with trading of 1,024,134 shares for $6,366,073 up from just 62,045 stock units at a mere $1,126,516 on Thursday. An average of 44,528 shares were traded at $276,786 well above the 3,878 stock units at $70,407 on Thursday, with trading month to date averaging 17,669 shares at $153,409 up from 16,052 units at $145,980 on the previous day and an average for December of 19,548 shares at $423,231.
Ansa Merchant Bank rallied 50 cents in closing at $40 after an exchange of 14,513 stocks, CIBC Caribbean Bank increased by 1 cent to close at $8.01 with 294 crossing the market stock units, Endeavour Holdings ended at $19 after an exchange of 135 stocks. First Citizens Group skidded 15 cents in closing at $42 with 10,160 shares changing hands, Guardian Holdings climbed by 40 cents to $15.25 in an exchange of 1,825 stock units, Guardian Media ended at $1.12 with investors trading 90 shares. JMMB Group popped 4 cents and ended at $1.06 in an exchange of 5 units, Massy Holdings sank 1 cent to end at $3.94 with 247,302 stocks clearing the market, National Enterprises dropped 20 cents to close at $2.52 as investors exchanged 1,261 stock units. National Flour Mills shed 3 cents to $1.66 after a transfer of 3,480 shares, NCB Financial remained at $2.33 with 501,920 units crossing the exchange, One Caribbean Media advanced 4 cents to finish at $2.89 with a transfer of 179,963 stocks. 
Point Lisas ended at $3.28 with investors dealing in 4,047 stocks, Prestige Holdings declined 34 cents to end at $10.06 after 3,839 shares were traded, Republic Financial gained 40 cents in closing at $113.40 with traders dealing in 10,983 stock units. Scotiabank remained at $56 and closed after 11,432 stocks changed hands, Trinidad & Tobago NGL fell 5 cents in closing at a 52 weeks’ low of $4.70 in swapping 19,892 units, Trinidad Cement dipped 4 cents to end at $2.45 with investors swapping 800 stocks. Unilever Caribbean remained at $11.19 with the trading of 10 shares and West Indian Tobacco rose 12 cents to finish at $5.52 with 7 stock units changing hands.
The market closed with the trading of 273,711 shares for $1,527,686 compared to 244,799 stock units at $2,534,225 on Thursday.
Angostura Holdings fell 50 cents to $14 with investors dealing in 6,400 stocks, Ansa McAl shed 50 cents in closing at $60.50 in an exchange of a mere two shares. Ansa Merchant Bank sank 50 cents and ended at $39.50 with investors swapping 2,534 stock units, Calypso Macro Investment Fund ended at $23.75 after a transfer of a mere 4 shares, CIBC Caribbean Bank rose 10 cents to $8.25 in trading 8,203 stocks. First Citizens Group slipped 16 cents to $41.64 after an exchange of 3,335 stocks, GraceKennedy remained at $3.75 after a transfer of 2,006 units, Guardian Holdings ended at $15 as investors exchanged 11,450 stocks. Guardian Media remained at $1.12 with 5 units being traded, JMMB Group fell 1 cent to close at $1.05 in an exchange of 880 shares, L.J. Williams B share ended at 81 cents with investors trading 5,005 stock units. 
Massy Holdings rallied 13 cents in closing at $3.98 with an exchange of 3,866 shares, National Flour Mills ended at $1.70 with just 5 units changing hands, NCB Financial remained at $2.39 with traders dealing in 185,700 stocks. Point Lisas ended at $3.28 with 5 stock units clearing the market, Prestige Holdings skidded 93 cents and ended at $10.07 with investors exchanging 15,334 shares, Republic Financial remained at $114 after 1,447 stocks passed through the market. Scotiabank remained at $56 after closing with an exchange of 456 units, Trinidad & Tobago NGL ended at $4.75 with 12,956 stock units crossing the market, Trinidad Cement lost 1 cent and ended at $2.49 after an exchange of 5 shares and West Indian Tobacco popped 3 cents to close at $5.53 with 14,108 units crossing the market.
The average PE ratio of the market, closed at 8 based on 2023 earnings compared to 5.44 based on the estimate of the 2024 earnings, with the difference showing the extent of the market’s current level of undervaluation and the upside potential for gains ahead.
Investors should watch Prestige Holdings with the potential to gain 100 percent and Trinidad and Tobago NGL with a potential gain of 230 percent.
The market closed with trading of just 165,430 shares for $2,297,270 down from 604,133 stock units at $2,439,877 on Monday. An average of 8,707 shares were traded at $120,909 a fall from 33,563 units at $135,549 on Monday, with trading month to date averaging 19,715 shares at $181,144 compared with 20,594 units at $185,951 on the previous day and an average for December of 19,548 shares at $423,231.
Calypso Macro Investment Fund remained at $23.75 after 8 stock units crossed the exchange, CIBC Caribbean Bank ended at $8.25 in trading 5,000 shares, First Citizens Group skidded 84 cents in closing at $41.85 with 7,142 stocks being traded. GraceKennedy popped 1 cent to close at $3.75 as investors traded 1,529 units, JMMB Group remained at $1.06 with 246 stocks crossing the market, L.J. Williams B share inched 1 cent higher to close at 81 cents with traders dealing in 7,822 units. Massy Holdings remained at $3.85 in an exchange of 119,976 shares, National Enterprises lost 2 cents to finish at $2.75 with investors trading 77 stock units, National Flour Mills ended at $1.70 after 60 stocks passed through the market, 
Prestige Holdings fell 29 cents to $10.70 and closed with 2,756 stocks changing hands, Republic Financial rose 4 cents to end at $113.84 with investors trading 8,905 shares. Scotiabank dipped $1.10 to close at $56 with 7,111 stock units clearing the market, Trinidad & Tobago NGL lost 2 cents and ended at a 52 weeks’ low of $4.73 after a transfer of 4,255 shares, Unilever Caribbean rallied 5 cents to finish at $11.25 with investors dealing in 305 stock units and West Indian Tobacco dropped 4 cents to $5.51 after an exchange of just one stock.
The average PE ratio of the market, closed higher at 8.03 up from 7.62, last week based on 2023 earnings compared to 5.51 based on 2024 projected earnings, with the difference being graphically illustrating the market’s current undervalued level and by extension the upside potential ahead.
Investors should watch Prestige Holdings with the potential to gain 85 percent and Trinidad and Tobago NGL with a potential gain of 230 percent.
The market closed with trading of 199,074 shares for $1,260,256 compared to 72,559 stock units at $1,069,494 on Wednesday.
CinemaOne remained at $5.50 in an exchange of 100 shares, Endeavour Holdings gained 75 cents to close at a 52 weeks’ high of $18.75 with traders dealing in 100 stock units. First Citizens Group ended at $41.75 as investors exchanged 302 stocks, GraceKennedy rose 4 cents to finish at $3.74 in trading 12 units, Guardian Media lost 1 cent and ended at $1.13 after an exchange of 500 shares. JMMB Group advanced 1 cent in closing at $1.06 with a transfer of 37 units, L.J. Williams B share rallied 3 cents to end at 71 cents after 500 stocks were traded, Massy Holdings slipped 2 cents to close at $3.86 with an exchange of 61,634 stock units. National Enterprises sank 1 cent to $2.75 after 410 shares passed through the market, National Flour Mills remained at $1.70 in an exchange of 6,864 stocks, NCB Financial ended at $2.39 with a transfer of 40,000 stock units, 
Prestige Holdings dropped 4 cents to finish at $11.25 with 160 shares changing hands, Republic Financial fell 59 cents to close at $113 after an exchange of 2,430 units. Scotiabank declined 40 cents to $57.10 with investors swapping 2,607 stocks, Trinidad & Tobago NGL added 5 cents to end at $4.75 with 9,430 stock units crossing the market, Trinidad Cement rose 20 cents in closing at $2.50 with 100 shares being traded. Unilever Caribbean ended at $11.30 and closed with an exchange of 2,639 units and West Indian Tobacco rallied 3 cents and ended at $5.54 with 16,383 stocks clearing the market.
At the close of trading, Angostura Holdings ended at $14.85, with 249 shares crossing the market, Ansa McAl remained at $59.55 with investors trading 718 stock units, Calypso Macro Investment Fund ended at $23.60 with 400 shares changing hands. First Citizens Group closed at $41.75 with 400 stock units crossing the exchange, GraceKennedy declined 5 cents and ended at $3.70 with investors trading 2,250 shares, JMMB Group lost 2 cents to end at a 52 weeks’ low of $1.05 with 2,907 stocks clearing the market. Massy Holdings rallied 2 cents in closing at $3.88 in an exchange of 10,606 units, National Enterprises dipped 1 cent to $2.76 after 10,009 stock units passed through the market, National Flour Mills ended at $1.70 as investors exchanged 3,136 shares. NCB Financial remained at $2.39 after investors traded 13,034 units, Republic Financial fell 1 cent and ended at $113.59 after a transfer of 6,555 stocks, Scotiabank rose 50 cents to close at $57.50, with 500 stock units crossing the market. Trinidad & Tobago NGL ended at $4.70 in switching ownership of 15,807 shares, Trinidad Cement slipped 20 cents in closing at $2.30 with investors dealing in 3,000 stock units, Unilever Caribbean remained at $11.30 after closing with an exchange of 1,461 units and West Indian Tobacco sank 4 cents to finish at a 52 weeks’ low of $5.51 with investors swapping 1,527 stocks.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 182,013 shares valued $2,158,732 down from 455,330 stock units at $3,025,118 on Monday.
Calypso Macro Investment Fund sank 7 cents and ended at $23.60 after 1,100 units crossed the market, CIBC Caribbean Bank lost 5 cents to close at $8.20 as investors exchanged 2,000 stocks, Eric Solis Marketing remained at $4.26 with just 2 units passing through the market. First Citizens Group ended at $41.75 in an exchange of 609 shares, Guardian Holdings slipped 8 cents to end at $14.92 with traders dealing in 22,702 stock units, Guardian Media sank 1 cent and ended at $1.14 after an exchange of 10 shares. JMMB Group declined 3 cents to close at a 52 weeks’ low of $1.07 with 9,930 stocks crossing the market, Massy Holdings fell 4 cents to finish at $3.86 after a transfer of 85,920 units, National Enterprises ended at $2.77 after trading 3,780 stock units. National Flour Mills rose 4 cents to $1.70 and closed with an exchange of 17,006 shares, One Caribbean Media dipped 29 cents to finish at a 52 weeks’ low of $2.70 with investors trading 2,189 units, 
Point Lisas gained 8 cents and ended at $3.28 with 1,180 stocks clearing the market. Prestige Holdings popped 4 cents to end at $11.29 in switching ownership of 1,200 stock units, Republic Financial remained at $113.60 with investors exchanging 1,735 shares, Scotiabank shed 10 cents to close at $57 in an exchange of 16,252 stocks. Trinidad & Tobago NGL ended at $4.70 with 8,175 units changing hands, Unilever Caribbean remained at $11.30 in trading 200 stock units and West Indian Tobacco remained at $5.55 after an exchange of 5,725 shares.
The market closed with trading of 455,330 shares for $3,025,118 compared to 428,889 stock units at $1,817,483 on Friday. An average of 26,784 shares were traded at $177,948 compared with 21,444 units at $90,874 on Friday, with trading for the month to date ending with an average of 22,219 shares at $109,908 compared to 21,603 units for $100,727 on the previous day and an average for December of 19,548 shares at $423,231.
At the close, Angostura Holdings remained at $14.85 with trading of 67 stocks, Ansa McAl slipped 22 cents to end at $59.55 with the trading of 520 shares. Calypso Macro Investment Fund ended at $23.67 in switching ownership of 298 stock units, CIBC Caribbean Bank closed at $8.25 as investors exchanged 91,035 shares, Eric Solis Marketing rose 1 cent to finish at record high of $4.26 after an exchange of 12 units, First Citizens Group gained 25 cents and ended at $41.75 in trading 4,264 stocks. GraceKennedy popped 5 cents to $3.75 after a transfer of 12,469 units, L.J. Williams B share slipped 2 cents and ended at a 52 weeks’ low of 68 cents with investors dealing in 1,700 stock units, Massy Holdings remained at $3.90 with a transfer of 55,635 shares. National Enterprises ended at $2.77 after an exchange of 500 stocks, 
National Flour Mills shed 4 cents to finish at $1.66 with investors trading 5,100 units, Prestige Holdings slipped 5 cents to close at $11.25 in an exchange of 1,572 stock units. Republic Financial increased 1 cent to $113.60 with traders dealing in 2,867 shares, Scotiabank rose 9 cents to close at $57.10 after an exchange of 1,977 units, Trinidad & Tobago NGL skidded 3 cents to finish at $4.70 with investors trading 270,114 stocks. Trinidad Cement remained at $2.50 with 2,200 stock units crossing the market and Unilever Caribbean fell 2 cents in closing at $11.30 with investors swapping 5,000 shares.