First Citizens Group Financial Holdings.
Stocks started the new year the way the ended the old, with the market indices rising into 2025 at the close of the first week of the year, rallying for a third consecutive week with the Trinidad and Tobago Stock Exchange, All Trinidad Index closing 1.8 percent higher for the week and the Composite index popped 0.7 percent, with prices of just 6 stocks rising and 8 declining, compared with 10 rising and 3 declining last week.
The average PE ratio of the market, closed at 7.87, compared to 5.5 based on the current year’s earnings, with the difference graphically illustrating the market’s current undervalued level and by extension the upside potential ahead. In a week when price movements were mostly moderate, the financial sector enjoyed notable price gains as First Citizens Bank gained $2.45 in closing at $42.90, Scotiabank climbed $2 to $59 and Republic Holdings was up $1.17 to $114.
At the same time, CIBC Caribbean slipped 35 cents to $8.15 and Agostini’s lost 50 cents to close at $67.50.
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 undervalued Guardian Holdings, with a 430 percent potential, Republic Holdings at 160 percent, First Citizens Bank 100 percent, Massy Holdings now at 50 percent, Trinidad Cement with 300 percent. Eric Solis with a 100 percent potential gain and One Caribbean Media with 300 percent.
Investors should watch Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with a potential gain of 230 percent.
The JSE Composite Index rose 10,029 points for a 3.11 percent gain for the week and 1.8 percent for the year to date, as the market takes on a more bullish tone, ahead of the close for the year.
After dropping out of the Junior Market ICTOP10 last week, Image Plus returns, replacing Knutsford Express.
In the Junior Market IC TOP10 are 12 stocks, 25 percent of the market, with PEs ranging from 15 to 33 with an average of 22 and a PE of 18 for half of the market with the highest PEs.
The Trinidad and Tobago Stock Exchange rallied for a second consecutive week with the All Trinidad Index closing 0.5 percent higher for the week and the Composite index popping 1.5 percent, with prices of 10 stocks rising and only 3 declining, compared with 7 rising and 9 declining last week. 
Republic Holdings at 160 percent, First Citizens Bank 115 percent, Massy Holdings now at 50 percent, following poor 2024 profit results, Trinidad Cement with 300 percent. Earnings for Eric Solis with a 100 percent potential gain and One Caribbean Media with 300 percent.
The week’s movement resulted in just one stock rising and seven falling in the Junior Market ICTOP10. In contrast to the Junior Market, only two stocks declined the Main Market TOP10 and six gained. The All JSE TOP10, compiled from all listed ordinary stocks on the JSE, has Guardian Holdings with the potential to rise 433 percent taking back the number one spot from Pulse Investments that held it last week and ended with the price jumping sharply, reducing its potential gains to 335 percent from 500 percent last week. Caribbean Cream replaced NCB Financial in the All JSE TOP10.
In Main Market ICTOP10 activity, Pulse Investments recovering from a sharp fall in the previous week, jumped a solid 38 percent to $1.38, Key Insurance gained 8 percent after ending at $2.15, 138 Student Living gained 6 percent to close at $4.27 followed by Margaritaville and Scotia Group up 4 percent to $12.50 and $53.89 respectively. Berger Paints fell 10 percent to $7.01.
In the Junior Market IC TOP10 are 13 stocks, 21 percent of the market, with PEs ranging from 15 to 31 with an average of 21 and a PE of 18 for half of the market with the highest PEs.
First Citizens Bank 115 percent, Massy Holdings now at 50 percent, following poor 2024 profit results, Trinidad Cement with 300 percent. Earnings for Eric Solis with a 100 percent potential gain and One Caribbean Media with 300 percent.
The week’s movement resulted in four stocks gaining and four falling in the Junior Market ICTOP10. Two stocks rose and five declined in the Main Market TOP10. In the All JSE TOP10, compiled from all listed ordinary stocks on the JSE, Pulse Investments, with the potential to gain 500 percent, took over the number one position in all markets from Guardian Holdings with potential gains of 433 percent.
The stock entered the All JSE TOP10 based on projected 2025 earnings and the Main Market list, with Margaritaville entering following the fallout of General Accident and AMG Packaging. Coming into the Junior Market ICTOP10 are Image Plus and Knutsford Express and falling out are Jamaican Teas and Caribbean Flavours.
In the Junior Market IC TOP10 are 13 stocks, 21 percent of the market, with PEs ranging from 15 to 31 with an average of 21 and a PE of 18 for half of the market with the highest PEs.
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. 
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.
$52.90, with investors trading 41,710 of the shares, following Tuesday’s price hike of $3.99 with the stock trading then at a 52 weeks’ high of $49.99, after investors traded 161,674 shares. 
Four stocks gained and five fell in the Junior Market TOP10 and the Main Market TOP10 had only one stock gaining and 8 declined.
The average PE for the JSE Main Market ICTOP 10 stands at 4.8, well below the market average of 14.4 and the Junior Market TOP10 sits at 7.6, more than half the market, with an average of 12.9.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
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.