The Trinidad and Tobago Stock Exchange pulled back this week with the All Trinidad Index closing 1.1 percent lower for the week and the Composite index dropping 2.8 percent, with prices of 5 stocks rising and 10 declining, compared with 6 declining and 11 rising last week.
The average PE ratio of the market, slipped to 7.9, compared to 5.25 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.
Winning stocks of note for the week are, Agostini’s with a gain of $3 to close at $68, Ansa Merchant Bank up 50 cents to $40 and Guardian Holdings gaining 55 cents to end at $14.95.
Falling stocks of notes are, Ansa McAl with a drop of $3.10 to $59.80, First Citizens Bank falling $1.46 to close at $40.54, Republic Holdings ended with a fall of $2.45 to $112.50, CIBC Caribbean down $1.05 to close at $7.70 and West Indian Tobacco falling 51 cents to $5.04.
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 220 percent, the highly undervalued Guardian Holdings, a stock, with a 4350 percent potential, Republic Holdings at 120 percent, Massy Holdings remains at 100 percent, Trinidad Cement with 350 percent. Earnings for Eric Solis are revised down based on the company’s six-month results, even as the numbers suggest that the reduction in management fees paid to the parent company does not appear to be reflected in the cost to date, accordingly the earnings revision now results in a 100 percent potential gain for the stock and One Caribbean Media with 300 percent.
Investors should keep an eye on Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with potential gain of 240 percent.
The market closed with trading of 952,215 shares for $2,879,894 compared to 666,275 stock units at $71,373,524 on Thursday. An average of 45,344 shares were traded at $137,138 compared with 35,067 units at $3,756,501 on Thursday, with trading month to date averaging 23,330 shares at $674,011 compared to 20,642 units at $739,560 on the previous day and an average of 25,044 stock units valued $171,335 for November.
CIBC Caribbean Bank ended at $7.70 with 19,665 stock units changing hands, Endeavour Holdings remained at $18 after a transfer of 25 shares, First Citizens Group ended the day at $40.54 with 2,081 stocks clearing the market. Guardian Holdings popped 45 cents to $14.95 in trading 770 units, L.J. Williams B share ended at 80 cents after 100 stock units passed through the market, Massy Holdings ended at $3.83 in an exchange of 61,472 shares. National Enterprises remained at $2.75 after the trading of 192 stock units, National Flour Mills ended at $1.70 with an exchange of 5,600 stocks, NCB Financial slipped 1 cent to end at $2.38 and closed after trading in 827,000 units. One Caribbean Media closed at $2.82 after a transfer of 500 stocks, Point Lisas advanced 5 cents to $3.15 with traders dealing in 100 shares, Prestige Holdings rose 8 cents to finish at $11.30 after an exchange of 398 stock units. 
Republic Financial fell $2.50 and ended at a 52 weeks’ low of $112.50 with investors dealing in 1,240 units, Scotiabank gained 70 cents to close at $55.95 after investors exchanged 1,973 stock units, Trinidad & Tobago NGL ended at $4.70, with 2,153 shares crossing the exchange. Trinidad Cement rallied 10 cents to $2.30 after an exchange of 5,000 stock units, Unilever Caribbean increased 15 cents to finish at $11.40 with investors trading 51 units and West Indian Tobacco climbed 4 cents and ended at $5.04 with 23,451 shares crossing the exchange.
The market closed with trading of 543,710 shares with the value jumping to $36,176,328 up sharply from just 79,232 stock units at $1,591,952 on Friday. An average of 25,891 shares were traded at $1,722,682 up from just 3,967 units at $78,598 on Friday, with trading month to date averaging 18,638 shares at $432,876 compared with 17,130 units at $164,698 on the previous day and an average for November of 25,044 shares at $171,335.
Calypso Macro Investment Fund popped 7 cents to close at $23.67 in switching ownership of 10 stock units, CIBC Caribbean Bank dropped 20 cents to finish at $8.55 with 20,341 shares changing hands, First Citizens Group remained at $42 with traders dealing in 4,839 stock units. GraceKennedy ended at $3.59 and closed with 140,000 stocks changing hands, Guardian Holdings ended at $14.40 with 4,420 stocks crossing the market, L.J. Williams A share increased 1 cent to end at a 52 weeks’ high of 22 cents with investors dealing in 12,240 units. L.J. Williams B share fell 1 cent in closing at a 52 weeks’ low of 80 cents after an exchange of 2,733 shares, Massy Holdings skidded 1 cent to finish at $3.83 in trading 35,944 stock units, National Enterprises sank 1 cent to close at $2.79 after an exchange of 3,532 stocks. 
National Flour Mills remained at $1.70 with investors trading 1 unit, NCB Financial declined 1 cent to finish at $2.38 in an exchange of 140 shares, One Caribbean Media shed 17 cents and ended at $2.82 with investors trading 512 stock units. Prestige Holdings ended at $11.30 following a transfer of 263 stocks, Republic Financial sank $1.45 in closing at $113.50, with 303,109 units crossing the exchange, Scotiabank remained at $55.95 with a transfer of 10,548 stocks. Trinidad Cement climbed 10 cents in closing at $2.20 as investors exchanged 193 shares and Unilever Caribbean slipped 19 cents to $11.21 after trading 2,994 stock units.
The average PE ratio of the market rose to 8, compared to 5.34 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.
Investors should keep an eye on Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with a potential gain of 240 percent.
The market closed with trading of 473,027 shares at $987,310 versus 316,799 stock units at $7,319,399 on Wednesday. At the close, an average of 20,566 shares were traded at $42,927 compared with 15,840 stock units at $365,970 on Wednesday, with trading month to date averaging 20,380 shares at $185,712 compared with 20,306 units at $242,334 on the previous day and an average for November of 25,044 shares at $171,335.
Ansa Merchant Bank ended at $40 with investors swapping 150 stock units, Calypso Macro Investment Fund dipped 7 cents to $23.60 after an exchange of 500 shares, CIBC Caribbean Bank popped 50 cents to end at $9 with a transfer of 194 stocks. Endeavour Holdings advanced 25 cents to $18.75, with 250 units passing through the market, First Citizens Group rose 30 cents to $40.55 in switching ownership of 3,342 stocks, GraceKennedy fell 1 cent in closing at $3.70 after 904 shares passed through the market. Guardian Holdings remained at $13.75 in trading 310 units, Guardian Media slipped 8 cents to finish at $1.32 with 100 stocks crossing the exchange, JMMB Group remained at $1.07 with traders dealing in 415,093 stock units. Massy Holdings ended at $3.84 as investors exchanged 8,643 shares, National Enterprises climbed 10 cents to close at $2.80 with 18,212 stocks crossing the market, National Flour Mills remained at $1.70 with investors trading 10,500 units. NCB Financial increased 9 cents to $2.40 in an exchange of 30 stock units, 
One Caribbean Media rallied 18 cents and ended at $2.99 after closing with an exchange of 10 shares, Prestige Holdings sank 5 cents to finish at $11.20 with investors trading 2,015 stocks. Republic Financial dipped 4 cents and ended at $114.96 after an exchange of 1,299 units, Scotiabank ended at $55.95 with investors dealing in 689 stock units, Trinidad & Tobago NGL popped 5 cents to close at $4.70 with 8,484 shares clearing the market. Trinidad Cement shed 20 cents in closing at $2.10 with an exchange of 1,038 stocks and Unilever Caribbean ended at $11.25 after a transfer of 42 units.
The market closed with trading of 316,799 shares for $7,319,399 up from 204,810 stocks at $3,847,098 on Tuesday. An average of 15,840 shares were traded at $365,970 compared with 12,048 stocks at $226,300 on Tuesday, with trading month to date averaging 20,306 shares at $242,334 compared with 22,656 units at $177,262 on the previous day and an average for November of 25,044 shares at $171,335.
CIBC Caribbean Bank climbed 50 cents to end at $8.50 after a transfer of 2,110 stocks, First Citizens Group increased by 2 cents in closing at $40.25 with investors dealing in 1,619 shares. Guardian Holdings sank 5 cents to $13.75 with a transfer of 1,715 stock units, JMMB Group ended at $1.07, with 8 stock changing hands, L.J. Williams B share popped 2 cents in closing at 81 cents with 4,000 shares crossing the exchange. Massy Holdings remained at $3.84 with investors trading 10,487 stock units, National Enterprises gained 5 cents to end at $2.70 after 1,000 units crossed the market, NCB Financial rose 1 cent to $2.31 with an exchange of 196,150 stocks. One Caribbean Media slipped 5 cents to $2.81 with the trading of 3,493 units, 
Prestige Holdings lost 5 cents to finish at $11.25 as investors exchanged 350 stocks, Republic Financial advanced $1.50 and ended at $115 in trading 50,065 shares. Scotiabank remained at $55.95 after 2,569 stock units changed hands, Trinidad & Tobago NGL ended at $4.65 after 12,335 shares passed through the market, Trinidad Cement rallied 10 cents to end at $2.30 in an exchange of 10,766 stocks. Unilever Caribbean increased 5 cents to $11.25 with traders dealing in 100 units and West Indian Tobacco climbed 55 cents to end at $5.55 after an exchange of 2,145 stock units.
The market closed with trading of 204,810 shares valued $3,847,098 compared to 656,134 stock units at $2,888,756 on Monday. An average of 12,048 shares were traded at $226,300 versus 31,244 units at $137,560 on Monday, with trading month to date averaging 22,656 shares at $177,262 compared with an average of 25,044 shares at $171,335 for November.
At the close of trading, Ansa McAl dropped $1.86 to close at $63.15 in an exchange of 1,353 stock units, CIBC Caribbean Bank rallied 10 cents to $8 with traders dealing in 2,000 shares, First Citizens Group rose 3 cents to $40.23 with 3,869 stock units crossing the market. GraceKennedy gained 12 cents to end at $3.71 after an exchange of 30,337 units, Guardian Holdings popped 5 cents to end at $13.80 after it closed with 6,500 shares changing hands, JMMB Group fell 1 cent in closing at $1.07 with investors trading 2 stock units. Massy Holdings remained at $3.84 with 31,399 stocks clearing the market, National Enterprises sank 10 cents and closed at $2.65 with investors swapping 60,332 units, NCB Financial ended at $2.30 in an exchange of 24,950 stocks. 
One Caribbean Media advanced 4 cents to finish at $2.86 with investors dealing in 1,000 stock units, Prestige Holdings ended at $11.30 with 482 shares passing through the market, Republic Financial increased 50 cents to $113.50 as investors traded 25,105 stock units. Scotiabank remained at $55.95 after investors ended trading of 2,544 shares, Trinidad & Tobago NGL climbed 5 cents to $4.65 with 4,836 stocks crossing the market, Trinidad Cement ended at $2.20 with an exchange of 2,302 units. Unilever Caribbean dipped 28 cents and ended at $11.20 with the trading of 613 stock units and West Indian Tobacco lost 6 cents to close at a 52 weeks’ low of $5 after an exchange of 7,186 shares.
The market closed with trading of 656,134 shares for $2,888,756 up sharply from 92,455 stock units at $603,956 on Friday. An average of 31,244 shares were exchanged at $137,560 compared to 5,136 units at $33,553 on Friday and with November that average of 25,044 shares at $171,335.
Endeavour Holdings increased $1.50 to close at a 52 weeks’ high of $18.50 as investors exchanged 25 stock units, First Citizens Group fell 20 cents to end at $40.20 with investors trading 779 shares, GraceKennedy slipped 11 cents and ended at $3.59 with 501,100 stock units crossing the exchange. Guardian Holdings remained at $13.75 with a transfer of 1,820 stocks, JMMB Group popped 1 cent in closing at $1.08 with 49 units clearing the market, Massy Holdings ended at $3.84 with an exchange of 79,325 shares. National Enterprises skidded 5 cents and ended at $2.75, with 14,353 stocks crossing the market, National Flour Mills remained at $1.70 after an exchange of 10 units, NCB Financial ended at $2.30 with investors trading 50 stock units. One Caribbean Media gained 1 cent to close at $2.82 in an exchange of 207 shares, Point Lisas fell 5 cents to end at $3.15 with investors trading 70 units, Prestige Holdings ended at $11.30 in switching ownership of 478 stocks.
Republic Financial rallied 1 cent to finish at $113 after an exchange of 3,043 stock units, Scotiabank remained at $55.95, with 25 shares changing hands, Trinidad & Tobago NGL slipped 5 cents to close at a 52 weeks’ lows of $4.60 with traders dealing in 35,015 units. Trinidad Cement lost 11 cents to a 52 weeks’ lows of $2.20 in an exchange of 3,920 stock units, Unilever Caribbean rose 28 cents in closing at $11.48 with 13,000 stock units crossing the market and West Indian Tobacco declined 44 cents to finish at a 52 weeks’ lows of $5.06 after a transfer of 2,744 shares.
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. 
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.
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.