Trading on the Trinidad and Tobago Stock Exchange ended the week with several sizable price changes, resulting in declines for the two major indices, with both losing less than a percent in value.
Unlike last week, when just four stocks gained and 14 declined, this week ended with an improved position 7 rising and 9 declining.
The average PE ratio of the market closed slightly higher at 8.05, based on 2023 earnings and 5.78, based on estimates of 2024 earnings. The two ratios continue to deviate wildly, with several stocks being undervalued.
The financial sector saw mixed fortunes, with two gains and three losses. At the close, Guardian Holdings climbed $2.18 to $16.99 following the release of excellent full year results for 2024. Ansa McAl rallied 50 cents to $52 and Angostura rose 45 cents to $14.50 and Calypso Macro Index Fund added $1.50 to end at $25.
Scotiabank dropped $1 to close at $52, Republic Holdings declined $1.09 to $112, First Citizens Bank lost 25 cents to close at $41.50 and Unilever Caribbean ended with a fall of 46 cents to close at $12.55.
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 326 percent potential, Republic Holdings at 140 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 384 percent, Eric Solis with a 100 percent potential gain and One Caribbean Media with 330 percent.
Investors should watch Prestige Holdings, which could gain 80 percent and Trinidad and Tobago NGL, 300 percent.
The market closed with trading of 385,160 shares worth $4,190,818 compared with 227,063 stock units at $4,228,764 on Thursday.
At the close of the week’s final trading day, Agostini’s ended at $68.19 after 790 shares passed through the market, Angostura Holdings sank 30 cents and ended at $14.50 after closing with an exchange of 142 stock units, Ansa McAl remained at $52 with investors dealing in 10,336 shares. CIBC Caribbean Bank fell 4 cents to close at $8.15 in switching ownership of just one stock, First Citizens Group slipped 1 cent in closing at $41.50 with investors trading 3,241 units, GraceKennedy remained at $3.69 in an exchange of 15,500 shares. Guardian Holdings ended at $16.99 with 9,644 stock units crossing the market, Guardian Media popped 1 cent to 95 cents in trading 1,270 units, JMMB Group rose 9 cents and ended at $1.15 after an exchange of 4,250 stocks. Massy Holdings lost 9 cents to end at $3.80 with investors trading 200,999 shares, National Enterprises advanced 2 cents to finish at $2.55 with 9,102 stock units crossing the exchange, National Flour Mills shed 2 cents to close at $1.58 in trading 16,498 units. Point Lisas remained at $3.50 after a transfer of 2,063 stocks, 
Prestige Holdings declined 9 cents to $10.90 with 411 shares crossing the market, Republic Financial fell 33 cents in closing at $112 with investors swapping 15,541 stocks. Scotiabank dipped $1 and ended at $52 with 1,319 units changing hands, Trinidad & Tobago NGL skidded 4 cents to finish at $4 with a transfer of 24,455 stock units, Trinidad Cement dropped 2 cents to close at $2.15 as investors exchanged 3,939 shares. Unilever Caribbean popped 15 cents to $12.55 with 20,270 units clearing the market and West Indian Tobacco ended at $5.44 with traders dealing in 45,389 stocks.
The market closed with trading of 227,063 shares for $4,228,764 compared to 301,502 stock units at $2,778,556 on Wednesday.
First Citizens Group popped 1 cent to close at $41.51 in an exchange of 162 stock units, GraceKennedy ended at $3.69 with 104 stock units crossing the market, Guardian Holdings rose $1.99 to end at $16.99 with an exchange of 20 shares. Guardian Media slipped 1 cent to 94 cents with 501 units clearing the market, JMMB Group sank 8 cents and ended at $1.06 in switching ownership of 99,999 stocks, Massy Holdings remained at $3.89 with 102 stock units crossing the exchange. National Enterprises ended at $2.53 with a transfer of 3,592 shares, National Flour Mills ended at $1.60 as investors exchanged 100 units, One Caribbean Media remained at $2.70 after 1,761 stocks passed through the market. Prestige Holdings ended at $10.99 after an exchange of 205 stock units, Republic Financial dipped 17 cents to $112.33 with 205 shares crossing the market, 
Scotiabank rallied 50 cents to end at $53 with investors trading 217 stock units. Trinidad & Tobago NGL ended at $4.04 with 6,527 stocks changing hands, Trinidad Cement ended at $2.17 with investors swapping 1,150 stock units, Unilever Caribbean lost 30 cents to close at $12.40 in an exchange of 12,907 shares and West Indian Tobacco remained at $5.44 with investors dealing in 27,602 stocks.
The market closed with trading of 301,502 shares for $2,778,556, up from 286,690 stock units valued at $1,460,561 on Tuesday.
At the close of the market, Agostini’s closed at $68.19 with investors trading 1,478 shares, Angostura Holdings climbed 20 cents in closing at $14.25 with a transfer of 202 units, Ansa McAl remained at $52 with 12,700 shares clearing the market. CIBC Caribbean Bank popped 8 cents to close at $8.18 with investors trading 199 stocks, First Citizens Group remained at $41.50 with 4,637 stock units crossing the market, Guardian Holdings gained 15 cents and ended at $15 with investors trading 11,321 shares. JMMB Group rose 4 cents to $1.14 and closed with just one stock being traded, Massy Holdings ended at $3.89 with investors swapping 242,695 units, National Enterprises ended at $2.53 after an exchange of 1,606 stock units.
Prestige Holdings rallied 24 cents in closing at $10.99 with investors trading 458 shares, Republic Financial remained at $112.50 in switching ownership of 5,122 stock units, Scotiabank skidded 50 cents to finish at a 52 weeks’ low of $52.50 after 911 units passed through the market. Trinidad & Tobago NGL ended at $4.04 in trading 14,220 stock units, Trinidad Cement remained at $2.17 with 2,850 shares passing through the exchange, Unilever Caribbean lost 31 cents to finish at $12.70 with investors dealing in 139 stock units and West Indian Tobacco ended at $5.44 in an exchange of 2,963 stocks.
At the close, Angostura Holdings dipped 5 cents to end at $14.05 with investors trading 742 shares, Ansa McAl remained at $52 in switching ownership of 2,000 units, Calypso Macro Investment Fund ended at $25 after investors exchanged 98 stocks. First Citizens Group fell 25 cents and ended at $41.50 with a transfer of 3,876 shares, Guardian Holdings gained 4 cents to finish at $14.85 with 2,072 stock units crossing the market, JMMB Group declined 5 cents to end at $1.10 after a transfer of 52,000 shares. Massy Holdings ended at $3.89 with investors trading 202,608 stock units, National Enterprises lost 7 cents to finish at $2.53 after an exchange of 100 stocks, NCB Financial sank 4 cents and ended at a 52 weeks’ low of $2.30 with investors swapping 667 units.
Prestige Holdings shed 25 cents to end at $10.75 after an exchange of 1,331 stocks, Republic Financial sank 50 cents to end at $112.50 in trading 823 shares, Scotiabank remained at $53, with 2,317 units crossing the exchange. Trinidad & Tobago NGL ended at $4.04 with investors dealing in 13,890 stock units, Trinidad Cement slipped 3 cents to close at a 52 weeks’ low of $2.17 in an exchange of 2,150 shares and West Indian Tobacco shed 1 cent and ended at $5.44 after 2,016 stocks passed through the market.
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.
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.
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 147,311 shares worth $1,341,827 compared to 169,059 stock units at $1,040,064 on Thursday.
Republic Financial popped $1.09 to finish at $113.09 with an exchange of 2,939 units. Scotiabank lost $1 to end at a 52 weeks’ low of $53 with 5,015 stocks changing hands, Trinidad & Tobago NGL remained at $4.04 with investors trading 24,990 units, Trinidad Cement ended at $2.35 after a transfer of 1,751 shares. Unilever Caribbean climbed $1.36 to $13.01, with investors swapping 10,408 stocks and West Indian Tobacco increased 44 cents to finish at $5.44, after a transfer of 3,002 stock units.
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.