Stocks mostly fell on the JSE USD market

Stocks pulled back in trading on the Jamaica Stock Exchange US dollar market on Monday, with a 59 percent fall in the volume of stocks exchanged valued at 104 percent more than on Friday, resulting in trading in eight securities as was the case on Friday and ended with prices of one rising, four declining and three ending unchanged.
The market closed with an exchange of 110,971 shares for US$24,393 compared to 267,704 units at US$11,973 on Friday.
Trading averaged 13,871 units at US$3,049 versus 33,463 shares at US$1,497 on Friday, compared with May with an average of 32,077 units for US$3,201.
The US Denominated Equities Index slipped 8.50 points to wrap up trading at 230.85.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, MPC Caribbean Clean Energy ended at 61 US cents as investors exchanged 199 stock units, Productive Business Solutions sank 20 cents to US$1.50, with 274 shares crossing the market, Proven Investments shed 0.09 of a cent to 12.99 US cents after an exchange of 51,853 units. Sterling Investments ended at 1.6 US cents with investors swapping 31,900 stocks, Sygnus Credit Investments declined 0.54 of one cent to close at 8.71 US cents in trading 9,999 shares and Transjamaican Highway fell 0.01 of a cent to end at 2.03 US cents with investors trading 11,068 stock units.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.28, with 4,764 units crossing the exchange and Sygnus Credit Investments E8.5% rose 27 cents to close at US$10.30 in trading 914 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.