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B2B Asia News
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This is a B2B Cambodia Market Update for 11 September 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 0.97 points or 0.24% to 411.67.
- Total trade volume was very light, with only 34,387 shares changing hands at a total value of 219 million riel or $53,900 US dollars.
- Five stocks were up on the main board, with Royal Group Phnom Penh SEZ leading the market, up 0.90% or 20 riel to 2,230 riel per share, followed by CAMGSM, which was up 0.41% or 10 riel to 2,430 riel per share. Other stocks up were the Sihanoukville Autonomous Port, ACLEDA Bank, and the Phnom Penh Autonomous Port.
- On the downside, the Phnom Penh Water Supply Authority was the biggest loser of the day, down 0.89% or 60 riel to 6,680 riel per share, followed by Pestech Cambodia, which was down 0.40% or 10 riel to 2,480 riel. Grand Twins International was also down 0.26% to 3,790 riel per share, while MJQ Education was the only stock to remain flat.
- Over on the growth board, both DBE Engineering and JS Land remained flat at 2,070 riel per share and 3,440 riel per share respectively.
- ACLEDA Bank recorded the highest trade volume of the day with 19,557 shares changing hands at a total value of 146.3 million riel or around $35,900 US dollars, making up approximately 55% of September 11th’s trade volume.
- The Phnom Penh Water Supply Authority recorded the second highest trade volume of the day with 7,233 shares traded at a total value of 48.4 million riel or roughly $11,800 US dollars, accounting for 20.5% of Wednesday’s trade volume.
- In other market news, RMA Cambodia has reported a total revenue of $108 million US dollars in its second quarterly report for 2024, which is a 9.4% decrease compared to the same period in 2023. Additionally, the company’s profits reportedly decreased by 53.1% when comparing the same periods in 2024 and 2023, dropping to a gross profit of 15.2 million US dollars.
- As of the end of Q2 2024, RMA Cambodia’s total assets and liabilities decreased by 21% and 40% respectively from the numbers recorded at the year end of 2023.
- Exchange rate, the Khmer riel to USD strengthened to 4,064 riel per US dollar, while the US dollar index was down to 101.46.
- Looking at global commodities, Oil climbed more than 1% on Wednesday, paring some of the previous day's losses, as a drop in U.S. crude inventories and concern about Hurricane Francine disrupting U.S. output, countered concerns about weak global demand.
- U.S. crude stocks fell by 2.793 million barrels, gasoline declined by 513,000 barrels and distillates inventories rose by 191,000 barrels, according to market sources citing the latest week's American Petroleum Institute figures on Tuesday.
- Brent crude futures were up 1.6% to $70.29 US dollars a barrel, while U.S. crude futures gained 1.7% to $66.86 US dollars.
- Gold prices remained firm, with investors closely watching upcoming US inflation data, which could signal the U.S. Federal Reserve’s future monetary policy moves.
- Spot gold held at $2,518.22 US dollars per ounce, while US gold futures rose 0.2% to $2,547.10 US dollars.
- U.S. stock index futures dipped on Wednesday, with investors pricing in greater odds of Democrat Kamala Harris prevailing in the upcoming presidential elections, while focus moved to a key inflation reading later in the day.
- As of the time of the Cambodian market’s closing, Dow Jones Industrial Average futures were down 0.4%, S&P 500 futures were also falling 0.4%, as were those tied to the Nasdaq 100.
Watch the 11 September 2024 market update in Khmer below: