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B2B Asia News
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This is a B2B Cambodia Market Update for 10 October 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 0.62 points or 0.15% to 411.13.
- Total trade volume was down, with only 29,939 shares changing hands at a total value of 182 million riel or around $44,750 US dollars.
- Two stocks were up on the main board. The Phnom Penh Autonomous Port led the market, up 0.45% or 60 riel to 13,360 riel per share, while CAMGSM was up 0.41% or 10 riel to 2,450 riel per share.
- On the other hand, two stocks were also down. The Phnom Penh Water Supply Authority was down 0.62% or 40 riel to 6,400 riel per share, while Royal Group Phnom Penh SEZ was down 0.45% or 10 riel to 2,220 riel per share.
- The rest of the main board remained flat, including Grand Twins International, Sihanoukville Autonomous Port, ACLEDA Bank, Pestech Cambodia, and MJQ Education.
- On the growth board, DBD Engineering remained flat, while JS Land was down 0.29% or 10 riel to 3,440 riel per share.
- ACLEDA Bank once again recorded the highest trade volume of the day with 19,385 shares changing hands at a total value of 144.7 million riel or around $35,500 US dollars, making up roughly 63% of total shares traded on October 10th.
- MJQ Education recorded the second highest trade volume of the day, however with a sizable gap from the highest, with only 4,602 shares changing hands at a total value of 9.4 million riel or roughly $2,310 US dollars, accounting for 15% of Thursday’s trade volume.
- Exchange rate, the KHR to USD weakened to 4,066 riel per USD while the USD Index was slightly up to 102.88.
- The U.S. dollar rose to a 10-week peak against the yen on Thursday as markets grew more confident about a patient approach by the U.S. Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day.
- Looking at global commodities, oil prices rose on Thursday underpinned by a spike in fuel demand as a major storm barrelled into Florida and concerns about potential supply disruptions in the Middle East amid heightened tensions between Israel and major oil producer Iran.
Brent crude futures rose 24 cents, or 0.3%, to $76.82 US dollars a barrel. - Gold prices nudged higher, while traders awaited key U.S. inflation data due later in the day to gauge the Federal Reserve's future monetary policy stance.
- Spot gold was up 0.2% at $2,613.49 US dollars per ounce, after easing for the previous six sessions. Prices scaled a record high last month. U.S. gold futures gained 0.2% at $2,630.90 US dollars.
- U.S. stock futures were slightly down Thursday morning as investors looked ahead to the release of September’s consumer price index report.
- As of the time of the Cambodian market’s closing, futures tied to the Dow Jones Industrial Average traded near the flatline.
- S&P 500 futures were 0.2% lower, and Nasdaq 100 futures fell 0.25%.
Watch the 10 October 2024 market update in Khmer below: