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B2B Asia News
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This is a B2B Cambodia Market Update for 16 July 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 1.55 points or 0.38% to 414.18.
- Total trade volume was extremely light, with only 46,224 shares changing hands at a trade value of around 295.1 million Khmer riel or around $69,000 US dollars.
- On the main board, three stocks were up. CamGSM led the market, up 0.83% or 20 riel to 2,420 riel per share, followed by MJQ Education, up 0.49% or 10 riel to 2, 040 riel per share. ACLEDA Bank was the third stock up today to by 0.27% or 20 riel to 7,520 riel per share.
- On the downside, we saw three stocks down. The Phnom Penh Autonomous Port was the biggest loser of the day, down 1.11% or 180 riel to 16,000 riel per share. Grand Twins International and Sihanoukville Autonomous Port were down 0.60% and 0.50% respectively. While Pestech Cambodia and Royal Group Phnom Penh SEZ remained flat.
- Over on the Growth Board, JS Land was down 0.85% or 30 riel to 3,500 riel per share, while DBD Engineering remained flat for a second day straight at 2,090 riel per share.
- ACLEDA Bank recorded the highest trade volume of the day with 28,408 shares changing hands at a total value of 213 million riel or roughly $51,800 US dollars, equivalent to over half of all shares traded on July 16th. Following in a much further behind second was Grand Twins International, with 6,727 shares changing hands at a total value of 22.2 million riel or $5,400 US dollars, making up around 12.4% of Tuesday’s trade volume.
- The Khmer riel to USD remained unchanged at 4,106 riel per US dollar, while the US dollar index was slightly down to 104.63.
- Oil prices dipped on Tuesday on worries of a slowing Chinese economy crimping demand and despite a growing consensus that the U.S. Federal Reserve could begin cutting its key interest rate as soon as September.
- Brent futures were down 67 cents, or 0.8%, to $84.18 US dollars a barrel, while U.S. West Texas Intermediate crude fell 72 cents, or 0.9%, to $81.19 US dollars.
- Gold prices meanwhile advanced, with Spot gold rising 0.5% to $2,433.72 US dollars per ounce. On Monday, prices hit their highest level since May 20, when bullion scaled a record peak of $2,449.89 US dollars.
- U.S. gold futures gained 0.4% to $2,437.50 US dollars.
- U.S. stock futures were slightly higher on Tuesday after the Dow Jones Industrial Average closed at a record high. Futures linked to the 30-stock average rose by 65 points, or about 0.16%. S&P 500 futures and Nasdaq 100 futures respectively climbed 0.19% and 0.31%.
Watch the 16 July 2024 market update in Khmer below: