Trinidad & Tobago Stock Exchange Head Quarters
Prices continue to slip during the week on the Trinidad and Tobago Stock Exchange, with 12 stocks declining and just 4 gaining, resulting in the PE ratios of most stocks becoming more attractive with big upside gains ahead.
Trading culminated in the Composite index falling 11.61 points or 1.1 percent to 1,039.22 and the
All T&T index dipped 25.04 points, with a 1.6 percent decline to 1,552.49.
This week’s performance is worse than the prior week when prices of eight stocks rose, and 10 declined with the main market indices closing the week with just a 2 points loss.
Calypso Macro Index Fund gained 40 cents and was the only stock with a meaningful increase. Guardian Holdings was the leading declining stock with a drop of $1.05 to $3, West Indian Tobacco declined by 89 cents to $6.51, Unilever dropped 70 cents to $10.50, Republic Holdings fell 41 cents to $111.49 and Scotiabank lost 40 cents to end at $56, The big losers are,
Several stocks could gain more than 100 percent when the market comes back to life, these include, First Caribbean with a possible gain of 250 percent, Guardian Holdings at 500 percent, Republic Holdings at 120 percent, Massy Holdings at 120 percent, Trinidad Cement with 300 percent, Eric Solis 400 percent and One Caribbean Media with 285 percent.
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